All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Hawaii
Annual, Not Seasonally Adjusted
SMU15000004300000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.50
Year-over-Year Change
21.05%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for all employees on private nonfarm payrolls in the United States. It provides insights into wage growth 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, not seasonally adjusted average hourly earnings is a key metric that reflects the overall changes in compensation for private sector workers. It is used by economists, policymakers, and analysts to assess the strength of the labor market and broader economic conditions.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The annual, not seasonally adjusted average hourly earnings reached a record high of $31.85 in January 2023.
- Wage growth has outpaced inflation in recent months, indicating a tight labor market.
- This trend is a key input for the Federal Reserve's dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth and labor market dynamics, which are crucial for understanding the overall strength of the economy and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by the Federal Reserve and other institutions to inform monetary policy decisions, as it reflects the overall changes in compensation for private sector workers.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU15000004300000001A), retrieved from FRED.