All Employees: Wholesale Trade: Grocery and Related Product Merchant Wholesalers in Wisconsin
Annual
SMU55000004142440001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.90
Year-over-Year Change
11.92%
Date Range
1/1/2003 - 1/1/2024
Summary
The Annual trend measures the annual change in average hourly earnings for private nonfarm payroll employees in the United States. This key labor market indicator provides insight into wage growth 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 tracks the year-over-year percent change in average hourly earnings, an important measure of compensation and labor costs. It is widely used by economists and policymakers to assess the strength of the job market and inflationary trends in the broader economy.
Methodology
The data is collected through the monthly Current Employment Statistics survey of U.S. businesses.
Historical Context
The Annual trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Annual wage growth averaged 4.3% in 2022.
- Rapid wage increases can contribute to higher inflation.
- The Annual trend is a key input for the Federal Reserve's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in average hourly earnings for private nonfarm payroll employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides important insights into wage growth and labor market conditions, which are crucial factors in assessing inflationary pressures and informing economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics survey of U.S. businesses.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual (SMU55000004142440001A), retrieved from FRED.