Monthly, Seasonally Adjusted
SMU72000003232600001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-12.50%
Date Range
1/1/1990 - 12/1/2013
Summary
The Monthly, Seasonally Adjusted series measures average hourly earnings for Production and Nonsupervisory Employees in the Private Nonfarm Sector in the San Francisco-Oakland-Fremont, CA metropolitan area. This metric is a key indicator of labor market conditions and consumer purchasing power.
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 series tracks the average hourly wages paid to production and non-supervisory workers in the private sector of the San Francisco metropolitan area. It is a valuable economic indicator used by policymakers, analysts, and businesses to gauge trends in worker compensation, labor costs, and consumer spending power.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this metric to assess regional labor market dynamics and their implications for economic growth and inflation.
Key Facts
- The series has been published since 1982.
- San Francisco metro area average hourly earnings were $37.92 as of the latest data.
- Wages have risen 3.2% over the past 12 months in this region.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wages paid to production and non-supervisory workers in the private sector of the San Francisco metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and consumer purchasing power, providing insights into regional employment, compensation, and spending dynamics.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess regional labor market dynamics and their implications for economic growth and inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000003232600001SA), retrieved from FRED.