Annual
SMU72000003100000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.60
Year-over-Year Change
0.47%
Date Range
1/1/2001 - 1/1/2016
Summary
This annual data series measures the average hourly earnings of all employees in the Private sector in the United States. It is a key indicator of wage growth and inflationary pressures in the economy.
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 Average Hourly Earnings for All Employees in the Private Sector is a widely followed economic indicator that provides insight into broader labor market trends and wage dynamics. It is used by policymakers, economists, and analysts to assess the strength of consumer demand and potential inflation risks.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in private sector wages can inform Federal Reserve monetary policy decisions and influence market expectations.
Key Facts
- Private sector wages have risen by over 50% since 2000.
- Wage growth has outpaced inflation in recent years.
- The series is released monthly with a one-month lag.
FAQs
Q: What does this economic trend measure?
A: This data series measures the average hourly wages paid to all employees in the private sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Private sector wage growth is a key indicator of labor market strength and can signal inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in private sector wages are closely monitored by the Federal Reserve and can influence monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual Average Hourly Earnings for All Employees: Private Sector (SMU72000003100000007A), retrieved from FRED.