Monthly, Seasonally Adjusted
SMU15000004245210001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.30
Year-over-Year Change
3.67%
Date Range
1/1/1990 - 12/1/2017
Summary
The Monthly, Seasonally Adjusted economic trend measures the average hourly earnings of production and nonsupervisory employees in the private sector. It is a key indicator of 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
This series provides insight into the average hourly compensation for workers, which is a critical factor in understanding consumer spending power, inflation pressures, and overall economic performance.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of the labor market and guide economic and monetary policy decisions.
Key Facts
- The series covers production and nonsupervisory employees in the private sector.
- Data is released monthly by the U.S. Bureau of Labor Statistics.
- Wage growth is a key metric for assessing consumer spending power and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the private sector, providing insight into wage growth and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a critical factor for understanding consumer spending power, inflationary pressures, and overall economic performance, making this trend highly relevant for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the strength of the labor market and guide economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU15000004245210001SA), retrieved from FRED.