All Employees: Leisure and Hospitality: Gambling Industries in Louisiana
Monthly, Not Seasonally Adjusted
SMU22000007071320001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
2.99%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the monthly, not seasonally adjusted average hourly earnings of production and nonsupervisory employees in the private sector. It provides insight into the overall state of employee compensation and productivity.
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, Not Seasonally Adjusted series tracks the average hourly wages of production and nonsupervisory workers across all private industries. This data offers a high-level view of labor market dynamics and is often used by economists and policymakers to assess inflationary pressures and gauge the strength of the economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of private sector employers.
Historical Context
This wage trend is closely monitored by the Federal Reserve and other economic institutions to help inform monetary policy decisions.
Key Facts
- The average hourly wage in the private sector was $32.24 as of the latest data.
- Wages have increased by 5.2% over the past 12 months.
- The not seasonally adjusted data shows greater month-to-month volatility compared to the seasonally adjusted series.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees across all private industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: This wage data provides important insights into labor market conditions and inflationary pressures, which are key considerations for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly survey of private sector employers.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this wage trend to help inform monetary policy decisions aimed at maintaining price stability and full employment.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of about one month, and the not seasonally adjusted series may exhibit greater month-to-month volatility.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU22000007071320001), retrieved from FRED.