Monthly, Seasonally Adjusted
SMU72000005552400030SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
555.40
Year-over-Year Change
7.08%
Date Range
1/1/2001 - 12/1/2013
Summary
This monthly, seasonally adjusted series tracks the average hourly earnings of production and nonsupervisory employees in the private nonfarm sector. It provides insight into labor market conditions and inflationary pressures.
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 Average Hourly Earnings series is a key economic indicator used by policymakers, researchers, and analysts to assess changes in worker compensation and the state of the labor market. It serves as an important input for monetary and fiscal policy decisions.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Average hourly earnings data is closely monitored by the Federal Reserve and other institutions to gauge inflationary trends and guide policy responses.
Key Facts
- The series is published monthly by the Bureau of Labor Statistics.
- It covers production and nonsupervisory employees in the private nonfarm sector.
- Earnings growth is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly earnings of production and nonsupervisory employees in the private nonfarm sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Average hourly earnings data provides insights into labor market conditions and inflationary pressures, making it a closely watched indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor average hourly earnings data to assess inflationary trends and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The series is published monthly by the Bureau of Labor Statistics with a typical release lag of about one month.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production and Nonsupervisory Employees, Private Nonfarm (SMU72000005552400030SA), retrieved from FRED.