All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Hawaii
Monthly, Not Seasonally Adjusted
SMU15000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.80
Year-over-Year Change
4.96%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic indicator measures monthly average hourly earnings for production and nonsupervisory employees in the private sector, not seasonally adjusted. It provides insights into labor market conditions and wage pressures.
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 Monthly Average Hourly Earnings (Not Seasonally Adjusted) series tracks changes in the average hourly wage for private sector production and nonsupervisory workers in the United States. It is a key indicator of labor market health and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform monetary policy decisions and economic forecasting by the Federal Reserve and other institutions.
Key Facts
- The series began in 1964.
- Wages have risen by over 5% in the past year.
- Hourly earnings growth has outpaced inflation in recent months.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly wage for private sector production and nonsupervisory workers in the United States on a monthly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in average hourly earnings provides insights into labor market conditions, worker purchasing power, and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is obtained through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely track this metric to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of around one month from the reference period.
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Citation
U.S. Federal Reserve, Monthly Average Hourly Earnings, Not Seasonally Adjusted (SMU15000007071000001), retrieved from FRED.