All Employees: Construction: Heavy and Civil Engineering Construction in Puerto Rico
Monthly, Seasonally Adjusted
SMU72000002023700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.04
Year-over-Year Change
2.41%
Date Range
1/1/2003 - 6/1/2025
Summary
The 'Monthly, Seasonally Adjusted' economic trend measures the average hourly earnings of production and nonsupervisory employees in the private sector. 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
This monthly data series from the U.S. Bureau of Labor Statistics tracks changes in average hourly wages, a critical metric for assessing the health of the labor market and broader economy. Economists and policymakers closely monitor this trend to gauge the trajectory of consumer spending, inflation, and the overall economic outlook.
Methodology
The data is collected through employer surveys and calculated as a seasonally adjusted average.
Historical Context
Wage growth is a key input for the Federal Reserve's monetary policy decisions.
Key Facts
- The data is released monthly by the Bureau of Labor Statistics.
- Wage growth is a key indicator of labor market tightness.
- Faster wage growth can contribute to higher consumer prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the private sector, providing insight into wage growth.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a critical indicator of labor market health and inflationary pressures, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated as a seasonally adjusted average.
Q: How is this trend used in economic policy?
A: Wage growth is a key input for the Federal Reserve's monetary policy decisions, as it helps assess the trajectory of consumer spending and inflation.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000002023700001SA), retrieved from FRED.