All Employees: Government in Idaho
Annual, Not Seasonally Adjusted
SMU16000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.10
Year-over-Year Change
9.30%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator measures the average hourly earnings for all employees in the total private sector, on an annual, not seasonally adjusted basis. It provides insights into 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
The Annual, Not Seasonally Adjusted series for average hourly earnings tracks changes in compensation levels across the U.S. private sector over time. It is a key metric used by economists and policymakers to assess the overall health of the labor market and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly poll of businesses and government agencies.
Historical Context
Trends in average hourly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The series began in 1939.
- Wages grew 5.5% year-over-year as of the latest data.
- The series is released monthly as part of the Employment Situation report.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly earnings for all private sector employees in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in average hourly earnings provide important insights into wage growth and labor market conditions, which are closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly poll of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely track average hourly earnings to inform monetary and fiscal policy decisions aimed at maintaining stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The series is released monthly as part of the Employment Situation report, with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU16000009000000001A), retrieved from FRED.