Average Weekly Earnings of Production Employees: Manufacturing in Wisconsin
Annual
SMU55000003000000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,005.81
Year-over-Year Change
36.91%
Date Range
1/1/2001 - 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 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 Annual trend represents the average hourly earnings for private sector production and nonsupervisory employees in the United States. It is a widely followed economic indicator that provides insight into worker compensation and labor market dynamics.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this trend to assess inflationary pressures and the overall strength of the labor market.
Key Facts
- The Annual trend reached a high of $31.00 in January 2023.
- Annual earnings growth has averaged 4.8% over the past year.
- The trend is seasonally adjusted to account for typical variations throughout the year.
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 of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of wage growth and labor market conditions, providing insight into worker compensation and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Annual trend to assess the overall strength of the labor market and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a typical one-month lag, and it is subject to periodic revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual (SMU55000003000000030A), retrieved from FRED.