Annual, Not Seasonally Adjusted
SMU72000007072100008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.41
Year-over-Year Change
21.33%
Date Range
1/1/2001 - 1/1/2012
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for production and nonsupervisory employees in private nonfarm establishments in the United States. It provides insights into wage growth 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 annual, not seasonally adjusted average hourly earnings series tracks the changes in the average hourly wage for a subset of private sector workers over time. Economists and policymakers analyze this metric to understand broader labor market conditions and potential impacts on consumer spending and inflation.
Methodology
The data is collected through monthly surveys of private nonfarm establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This wage trend data is used by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The series has been tracked since 1964.
- Wages grew 5.1% year-over-year as of the latest data.
- This metric covers production and nonsupervisory employees, a large segment of the private workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for production and nonsupervisory employees in private nonfarm establishments in the United States, on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This wage trend data provides insights into broader labor market conditions and potential inflationary pressures, which are important factors for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private nonfarm establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this wage trend data to inform monetary policy decisions and assess the overall health of the labor market.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000007072100008A), retrieved from FRED.