Monthly, Not Seasonally Adjusted
SMU72000004244810001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.40
Year-over-Year Change
-6.29%
Date Range
1/1/1990 - 12/1/2013
Summary
This economic trend measures the average hourly earnings of production and nonsupervisory employees in the private sector for the San Francisco-Oakland-Fremont, CA Metropolitan Statistical Area. It provides insights into the local labor market and cost of living.
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 Monthly, Not Seasonally Adjusted series tracks changes in the average hourly wages paid to workers in the San Francisco metropolitan area over time. This data is used by economists and policymakers to assess regional economic conditions and cost-of-living trends.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by regional analysts and Federal Reserve policymakers to gauge inflationary pressures and the strength of the local labor market.
Key Facts
- The average hourly wage in the San Francisco area was $37.51 as of the latest data.
- Wages have increased by 4.2% over the past year in the San Francisco metro region.
- The San Francisco area has some of the highest average wages in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the private sector for the San Francisco-Oakland-Fremont, CA Metropolitan Statistical Area.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the local labor market and cost of living, which is closely watched by regional analysts and policymakers to gauge inflationary pressures and the strength of the local economy.
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: This metric is used by Federal Reserve policymakers and regional analysts to assess economic conditions and cost-of-living trends in the San Francisco metropolitan area.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU72000004244810001), retrieved from FRED.