Average Weekly Earnings of All Employees: Total Private in Pennsylvania
Monthly
SMU42000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,116.97
Year-over-Year Change
3.77%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend measures the monthly value of average hourly earnings for all employees in the United States. This statistic is a key indicator of wage growth and labor market conditions.
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 average hourly earnings for all non-farm payroll employees in the U.S. on a monthly basis. It is widely used by economists and policymakers to assess changes in worker compensation and the overall health of the labor market.
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 institutions to inform economic and monetary policy decisions.
Key Facts
- The series began in 1964.
- Earnings have increased by over 400% since 1964.
- Wage growth is a key metric for the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the average hourly earnings for all non-farm payroll employees in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Changes in average hourly earnings are a key indicator of wage growth and labor market conditions, which are closely monitored by economists and policymakers.
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: The 'Monthly' trend is used by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Monthly (SMU42000000500000011), retrieved from FRED.