All Employees: Wholesale Trade in Pennsylvania
Annual
SMU42000004100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217.40
Year-over-Year Change
-0.37%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average hourly earnings of production and nonsupervisory employees in the private sector. It is a key economic indicator used to gauge inflationary pressures and consumer purchasing power.
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 represents the average hourly wage rate for production and nonsupervisory workers across the United States. It is a widely-followed economic indicator that provides insight into labor market dynamics and can influence monetary policy decisions.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by the Federal Reserve and other policymakers to assess the health of the labor market and inflationary conditions.
Key Facts
- The Annual trend has increased by 5.1% over the past year.
- Steady wage growth can contribute to higher consumer spending and inflation.
- The Federal Reserve closely monitors the Annual trend as part of its dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings of production and nonsupervisory employees in the private sector, providing insight into labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of inflationary pressures and consumer purchasing power, making it important for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected through monthly surveys 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 policymakers closely monitor the Annual trend to assess the health of the labor market and inflationary conditions, which can inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a typical one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU42000004100000001A), retrieved from FRED.