Annual, Not Seasonally Adjusted
SMU72000001523600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.40
Year-over-Year Change
-67.45%
Date Range
1/1/2003 - 1/1/2014
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for production and nonsupervisory employees in the private sector. It provides insight into 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 metric tracks changes in worker compensation over time. It is an important indicator of inflationary pressures and the overall health of the labor market, helping policymakers and analysts assess economic trends.
Methodology
The data is collected through surveys of private-sector employers by the U.S. Bureau of Labor Statistics.
Historical Context
This wage trend is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The annual, not seasonally adjusted average hourly earnings have risen by over 5% in the past year.
- This metric provides a broader picture of wage trends compared to monthly data.
- Policymakers use this indicator to gauge inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for private-sector production and nonsupervisory employees.
Q: Why is this trend relevant for users or analysts?
A: This wage metric is an important indicator of labor market conditions and inflationary pressures, helping policymakers and analysts assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private-sector employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This wage trend is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month lag, and it does not account for seasonal variations in employment and earnings.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000001523600001A), retrieved from FRED.