Average Hourly Earnings of All Employees: Financial Activities in Idaho
Annual
SMU16000005500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.39
Year-over-Year Change
87.45%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average hourly earnings of all employees in the private non-farm sector in the United States. It is a key indicator of wage growth and inflationary pressures in the economy.
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 tracks the year-over-year change in average hourly earnings, providing insight into the trajectory of worker compensation. It is widely followed by economists, policymakers, and financial analysts to assess the strength of the labor market and inflationary trends.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is used to inform Federal Reserve monetary policy decisions and shape market expectations about the future path of interest rates.
Key Facts
- The Annual trend reached a high of 5.6% in March 2022.
- Wage growth has outpaced inflation in recent months, providing some relief for workers.
- The Federal Reserve closely monitors the Annual trend as a gauge of labor market tightness.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings of all private non-farm employees in the United States, providing insight into the trajectory of worker compensation.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of wage growth and inflationary pressures, making it crucial for economists, policymakers, and financial analysts to assess the strength of the labor market and the path of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected 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 Annual trend is used by the Federal Reserve to inform monetary policy decisions and shape market expectations about the future path of interest rates.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Annual (SMU16000005500000003A), retrieved from FRED.