All Employees: Mining and Logging in Wisconsin
Annual, Not Seasonally Adjusted
SMU55000001000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
17.14%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for all employees in the United States. It provides insight into the overall 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 annual, not seasonally adjusted average hourly earnings is a key metric used by economists and policymakers to analyze the strength of the U.S. labor market and inflationary pressures in the economy. It represents the average hourly pay for workers across all industries and sectors.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The average hourly earnings reached a record high of $31.85 in January 2023.
- Wage growth has outpaced inflation in recent months, suggesting a tight labor market.
- The annual, not seasonally adjusted data provides a broader picture of long-term wage trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the strength of the U.S. labor market and inflationary pressures in the economy, which informs monetary policy decisions.
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 Federal Reserve and other institutions closely monitor this metric to inform their monetary policy decisions, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The data is released monthly with a slight delay, and it may not capture all industry-specific or regional wage variations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU55000001000000001A), retrieved from FRED.