Average Hourly Earnings of All Employees: Private Service Providing in Hawaii
Annual
SMU15000000800000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.97
Year-over-Year Change
64.40%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures annual average earnings for all employees in the United States. This key economic indicator provides insight into wage growth and labor market conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual trend represents the average annual earnings per employee, calculated by dividing total annual payroll by the average number of employees. This data point is widely used by economists and policymakers to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through their monthly establishment survey.
Historical Context
Annual earnings figures help inform decisions around monetary and fiscal policy.
Key Facts
- Annual earnings in the U.S. reached a record high in 2022.
- Wage growth has outpaced inflation in recent quarters.
- The COVID-19 pandemic impacted annual earnings trends.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual earnings per employee in the United States.
Q: Why is this trend relevant for users or analysts?
A: Annual earnings data provides important insights into wage growth and the overall strength of the labor market, which are key factors for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through their monthly establishment survey.
Q: How is this trend used in economic policy?
A: Annual earnings figures help inform decisions around monetary and fiscal policy, as they reflect labor market conditions and inflationary pressures.
Q: Are there update delays or limitations?
A: The Annual data is published monthly with a lag, so there may be a delay in the most recent figures.
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Citation
U.S. Bureau of Labor Statistics, Annual (SMU15000000800000003A), retrieved from FRED.