All Employees: Leisure and Hospitality in Louisiana
Annual, Not Seasonally Adjusted
SMU22000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
223.40
Year-over-Year Change
7.87%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted value of average hourly earnings for all employees in the private sector. It provides important 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 average hourly earnings trend represents the average dollar amount earned per hour by private sector workers in the United States. This metric is a key indicator of inflationary pressures and worker compensation trends.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Historical Context
Policymakers, economists, and market analysts closely monitor this trend to assess the overall health of the labor market and inform economic decision-making.
Key Facts
- The annual, not seasonally adjusted average hourly earnings trend has increased by over 5% in the past year.
- This metric is a critical input for the Federal Reserve's monetary policy decisions.
- The data is released monthly as part of the Bureau of Labor Statistics' Employment Situation report.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage earned by private sector workers in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of the labor market and inflationary pressures in the economy, making it a key indicator for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this trend to assess the overall health of the labor market and make informed decisions on monetary policy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted average hourly earnings data is released monthly as part of the Bureau of Labor Statistics' Employment Situation report, with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU22000007000000001A), retrieved from FRED.