All Employees: Mining, Logging, and Construction in Hawaii
Annual, Not Seasonally Adjusted
SMU15000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.10
Year-over-Year Change
28.62%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures the average hourly earnings of all employees in the private nonfarm sector in the United States. It provides insight into labor market conditions and broader economic trends.
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 Average Hourly Earnings of All Employees, Private Nonfarm series tracks the average hourly wage paid to workers in the private sector, excluding government workers. It is a key indicator of income, labor costs, and inflationary pressures within the economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
This metric is closely watched by policymakers, economists, and market analysts to assess the overall health of the labor market and guide economic decision-making.
Key Facts
- The series dates back to 1964.
- It covers all private nonfarm industries, including manufacturing, services, and construction.
- Average hourly earnings are a leading indicator of consumer spending and inflationary pressure.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of all employees in the private nonfarm sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Average hourly earnings is a key indicator of labor market conditions and inflationary pressure, providing insight into consumer spending power and broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this metric to assess the overall health of the labor market and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month lag.
Related Trends
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Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Hawaii
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Transportation Carbon Dioxide Emissions, Residual Fuel for Hawaii
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Average Weekly Hours of Production Employees: Wholesale Trade in Hawaii
SMU15000004100000007
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU15000001500000001A), retrieved from FRED.