Average Hourly Earnings of All Employees: Manufacturing in Idaho
Monthly
SMU16000003000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.01
Year-over-Year Change
7.36%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures monthly changes in nominal average hourly earnings for all employees in the United States. It provides valuable insights into wage dynamics and worker compensation 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 Monthly Average Hourly Earnings series tracks the average dollar amount that employers pay their workers per hour on a monthly basis. This metric is a key indicator of labor market conditions and inflationary pressures in the broader economy.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the labor market and inform decisions around monetary and fiscal policy.
Key Facts
- The series began in 1964.
- It covers all private nonfarm employees in the United States.
- The data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to all private nonfarm employees in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The monthly average hourly earnings trend is a key indicator of labor market conditions and inflationary pressures in the broader economy, making it highly relevant for policymakers, economists, and investors.
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: Policymakers and economists closely monitor this trend to assess the strength of the labor market and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Monthly Average Hourly Earnings (SMU16000003000000003), retrieved from FRED.