All Employees: Government in Missouri
Annual, Not Seasonally Adjusted
SMU29000009000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
438.80
Year-over-Year Change
0.18%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the average hourly earnings for all employees on nonfarm payrolls in the United States. It provides insights into wage growth and inflationary pressures in the labor market.
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 series is a key economic indicator that tracks changes in worker compensation over time. It is widely used by economists, policymakers, and market analysts to assess labor market conditions and inflationary trends.
Methodology
The data is collected through the Bureau of Labor Statistics' Current Employment Statistics survey of businesses and government agencies.
Historical Context
Policymakers at the Federal Reserve closely monitor this metric when making decisions about interest rates and monetary policy.
Key Facts
- The series started in 1964.
- Wages have increased by over 300% since the 1960s.
- Wage growth is a key factor in the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees on nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and inflationary pressures in the labor market, which are key considerations for economic policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Current Employment Statistics survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve closely monitor this metric when making decisions about interest rates and monetary policy to manage inflation and support employment.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU29000009000000001A), retrieved from FRED.