All Employees: Information in Puerto Rico
Annual, Not Seasonally Adjusted
SMU72000005000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-26.32%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the average hourly earnings of all employees in the private sector on an annual, not seasonally adjusted basis. It provides insights into wage growth and the purchasing power of American workers.
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 series tracks the average hourly earnings of all private sector employees in the United States. It is a key indicator of the overall health of the labor market and can inform policy decisions related to inflation, employment, and consumer spending.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the state of the economy and guide economic policy.
Key Facts
- The trend reached a high of $31.40 in December 2021.
- Wages have increased by 5.2% over the past year.
- The trend provides a broad measure of labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all private sector employees in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth and the purchasing power of American workers, which are crucial factors for understanding the overall health of the labor market and 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: This trend is closely monitored by economists, policymakers, and market analysts to assess the state of the economy and guide economic policy decisions related to inflation, employment, and consumer spending.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000005000000001A), retrieved from FRED.