Annual, Not Seasonally Adjusted
SMU72000004244200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
-3.33%
Date Range
1/1/1990 - 1/1/2021
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for production and nonsupervisory employees in the private sector across the United States. It is a key indicator of wage growth and labor market conditions.
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 series tracks changes in the average wages paid to production and nonsupervisory workers in the private sector on an annual basis, without adjusting for seasonal variations. This metric provides insights into broader compensation trends and the strength of the labor market.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the overall health of the labor market and inform decisions around monetary and fiscal policies.
Key Facts
- The annual average hourly earnings have increased by 4.8% over the past year.
- Wage growth has outpaced inflation, indicating real income gains for workers.
- This trend helps policymakers assess the strength of the economic recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for production and nonsupervisory employees in the private sector across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into broader compensation trends and the strength of the labor market, which is a key indicator of the overall health of the economy.
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: Economists and policymakers monitor this trend to assess the overall health of the labor market and inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a one-month lag, and is subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000004244200001A), retrieved from FRED.