Annual
SMU27000004245210007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.20
Year-over-Year Change
0.77%
Date Range
1/1/2001 - 1/1/2016
Summary
The Annual trend measures the year-over-year change in average hourly earnings for all employees on private nonfarm payrolls in the United States. It is a key economic indicator tracked by policymakers and analysts to assess labor market conditions and inflationary pressures.
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 provides a comprehensive measure of wage growth across the U.S. private sector. It is widely used by economists and policymakers to evaluate the strength of the labor market and inform decisions around monetary and fiscal policy.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in annual wage growth are closely monitored by the Federal Reserve and other institutions as a gauge of the economy's overall health and inflationary dynamics.
Key Facts
- Annual wage growth reached a high of 5.6% in 2022.
- Wages have grown faster than inflation in recent years.
- Robust wage growth can signal a tight labor market.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in average hourly earnings for all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in annual wage growth are a key indicator of labor market conditions and inflationary pressures, making this data highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor annual wage growth as a gauge of the economy's overall health and inflationary dynamics, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is published monthly with a typical release delay of several weeks.
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Citation
U.S. Federal Reserve, Annual (SMU27000004245210007A), retrieved from FRED.