Production or Nonsupervisory Employees: Financial Activities in Missouri
Monthly, Seasonally Adjusted
SMU29000005500000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.72
Year-over-Year Change
-3.28%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures monthly, seasonally adjusted average hourly earnings for all employees in the Seattle-Tacoma-Bellevue, WA metropolitan area. It provides insight into the local labor market and wage dynamics.
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, Seasonally Adjusted average hourly earnings series tracks changes in employee compensation over time in the Seattle metropolitan region. It is a key indicator of economic conditions and helps policymakers and analysts understand wage trends and the purchasing power of workers.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This wage trend is closely monitored by economists, policymakers, and investors to assess the strength of the local economy and guide decisions.
Key Facts
- Seattle metro area has over 3.5 million residents.
- Average hourly wages have risen 25% in the past decade.
- Wages in Seattle are 15% above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in the Seattle-Tacoma-Bellevue, WA metropolitan area on a monthly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This wage trend provides important insights into the strength of the local labor market and economy. It helps policymakers, businesses, and consumers understand purchasing power and wage dynamics in the Seattle region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This wage trend is closely monitored by economists, policymakers, and investors to assess the strength of the local economy and guide decisions around employment, consumer spending, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. There may be revisions to previously reported figures as more complete information becomes available.
Related Trends
Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Missouri
MOPLASRUBMANNGSP
Real Gross Domestic Product: Furniture and Related Product Manufacturing (337) in Missouri
MOFURNMANRGSP
Average Weekly Hours of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Missouri
SMU29000004142300007
Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Missouri
MOMNGCOENTPRQQGSP
Chain-Type Quantity Index for Real GDP: Private Industries in Missouri
MOPIQGSP
Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Missouri
MOAGRNQGSP
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU29000005500000006SA), retrieved from FRED.