All Employees: Retail Trade in Puerto Rico
Annual, Not Seasonally Adjusted
SMU72000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.30
Year-over-Year Change
2.32%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures annual average hourly earnings for all private nonfarm employees in the United States. This metric provides insight into labor market conditions and wage growth 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
This series represents the annual average hourly earnings paid by private nonfarm establishments. It is a key economic indicator used by policymakers, businesses, and analysts to gauge inflationary pressures and the overall strength of the labor market.
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 annual average hourly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The series has been published since 1964.
- Hourly earnings increased by 5.1% in 2022 compared to the prior year.
- Real (inflation-adjusted) hourly earnings declined in 2022 despite the nominal increase.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average hourly earnings paid to private nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and wage growth dynamics, which are closely watched by policymakers, businesses, and economists.
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 annual 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 annual average hourly earnings data is published with a short delay, typically within a few weeks after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000004200000001A), retrieved from FRED.