Annual
SMU72000007072200007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.60
Year-over-Year Change
2.51%
Date Range
1/1/2001 - 1/1/2012
Summary
The Annual Trend measures the average earnings of employees in the private manufacturing sector on an annual basis. This metric is a key indicator of economic performance and wage trends.
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 Trend tracks the average hourly earnings of production and nonsupervisory employees in the private manufacturing industry. It provides insights into broader employment and compensation dynamics that are vital for economic analysis and policymaking.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, investors, and policymakers to assess the health of the manufacturing sector and broader labor market conditions.
Key Facts
- The Annual Trend has increased by over 40% since 2000.
- Manufacturing accounts for approximately 10% of total U.S. employment.
- Wage growth is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the average hourly earnings of production and nonsupervisory employees in the private manufacturing sector on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into employment and wage dynamics in the manufacturing industry, which is a crucial component of the broader U.S. 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: The Annual Trend is closely monitored by economists, policymakers, and market participants to assess the health of the manufacturing sector and broader labor market conditions, which inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual Trend data is released on a monthly basis with a typical one-month lag, providing timely information on wage trends in the manufacturing industry.
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Citation
U.S. Federal Reserve, Annual (SMU72000007072200007A), retrieved from FRED.