Average Weekly Earnings of Production Employees: Retail Trade in Hawaii
Annual
SMU15000004200000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
710.73
Year-over-Year Change
47.43%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in wages and salaries for the U.S. total private industry. This metric is a key indicator of economic conditions and labor market dynamics.
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 annual percent change in average hourly earnings for all employees on private nonfarm payrolls in the United States. This data point is widely used by economists, policymakers, and analysts to assess labor market health and inflationary pressures.
Methodology
The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Historical Context
The Annual trend provides important context for the Federal Reserve's monetary policy decisions.
Key Facts
- The Annual trend reached a high of 5.6% in March 2022.
- This metric has been tracked since 2006.
- Annual wage growth has exceeded 4% for most of 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in average hourly earnings for all private industry employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and inflationary pressures, making it highly relevant for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. businesses by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend provides important context for the Federal Reserve's monetary policy decisions, as it reflects the strength of the labor market and wage growth.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a slight delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual (SMU15000004200000030A), retrieved from FRED.