Annual, Not Seasonally Adjusted
SMU72000003231100008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.46
Year-over-Year Change
12.72%
Date Range
1/1/2001 - 1/1/2016
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for private nonfarm employees in the United States. It provides insights into wage growth and labor market dynamics.
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 represent the average hourly rate of pay for private sector, nonfarm employees in the U.S. This metric is used by economists and policymakers to analyze labor market conditions and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average hourly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The annual, not seasonally adjusted average hourly earnings reached $31.82 in March 2023.
- Wage growth has remained elevated in recent months, reflecting a tight labor market.
- This metric is a key indicator of inflationary pressures in the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for private nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in average hourly earnings provide insights into wage growth and labor market dynamics, which are important for understanding inflationary pressures and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average hourly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000003231100008A), retrieved from FRED.