Average Weekly Hours of Production Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Minnesota
Monthly
SMU27000005552200007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.90
Year-over-Year Change
8.91%
Date Range
1/1/2001 - 7/1/2025
Summary
The 'Monthly' economic trend measures the monthly percentage change in average hourly earnings for all employees on private nonfarm payrolls in the United States. This metric is a key indicator of wage growth and a critical input for economic analysis and policymaking.
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' trend represents the month-over-month percent change in average hourly earnings, which reflects changes in both wages and the composition of the labor force. It is widely used by economists, policymakers, and market analysts to assess the strength of the U.S. labor market and broader economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in average hourly earnings are closely monitored by the Federal Reserve and other policymakers for insights into inflationary pressures and the overall health of the economy.
Key Facts
- The monthly percent change in average hourly earnings is reported on a seasonally adjusted basis.
- This metric covers all private nonfarm employees, excluding proprietors, private household workers, and nonprofit organization workers.
- Tracking changes in average hourly earnings is crucial for assessing the pace of economic recovery and the potential for inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the month-over-month percent 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: This metric is a key indicator of wage growth and a critical input for economic analysis and policymaking, as changes in average hourly earnings reflect the strength of the labor market and potential inflationary pressures.
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: Changes in average hourly earnings are closely monitored by the Federal Reserve and other policymakers for insights into inflationary pressures and the overall health of the economy.
Q: Are there update delays or limitations?
A: The 'Monthly' data is reported on a seasonally adjusted basis and is subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly (SMU27000005552200007), retrieved from FRED.