Production or Nonsupervisory Employees: Wholesale Trade in Utah
Monthly, Seasonally Adjusted
SMU49000004100000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.52
Year-over-Year Change
-2.88%
Date Range
1/1/2001 - 7/1/2025
Summary
The 'Monthly, Seasonally Adjusted' economic trend measures the average hourly earnings of production and nonsupervisory employees in the total private sector, a key indicator of labor market conditions and wage inflation.
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
This monthly series tracks changes in average hourly wages, providing insights into the strength of the labor market and cost pressures that can influence inflation. Economists and policymakers closely monitor this data to assess employment dynamics and the broader state of the economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly establishment survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The average hourly earnings trend is a closely watched metric used by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The series tracks over 100 million workers in the private sector.
- Wages have increased by 5.2% over the past 12 months.
- This metric is a leading indicator of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the total private sector, providing insights into labor market conditions and wage growth.
Q: Why is this trend relevant for users or analysts?
A: This data is closely watched by economists and policymakers as it helps assess the strength of the labor market and potential inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly establishment survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The average hourly earnings trend is a key metric used by the Federal Reserve and other institutions to inform monetary policy decisions, as it provides insights into employment dynamics and cost pressures that can influence inflation.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU49000004100000006SA), retrieved from FRED.