All Employees: Service-Providing in Wisconsin
Annual
SMU55000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,428.30
Year-over-Year Change
9.11%
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 in the United States. This data provides insights into labor market conditions and inflationary pressures.
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 is a key economic indicator that reflects changes in nominal wages and the purchasing power of workers. It is closely monitored by policymakers, economists, and analysts to assess the overall health of the labor market and guide decisions on monetary and fiscal policy.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform decisions on interest rates, minimum wage, and other policies that impact employment and consumer spending.
Key Facts
- Hourly earnings have increased by an average of 3.5% annually over the past decade.
- The Annual trend is considered a leading indicator of inflation and consumer purchasing power.
- Manufacturing and service sectors have seen the largest gains in hourly earnings in recent years.
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 in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor market conditions and inflationary pressures, which are crucial for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is used to inform decisions on interest rates, minimum wage, and other policies that impact employment and consumer spending.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU55000000700000001A), retrieved from FRED.