Monthly, Not Seasonally Adjusted
SMU72000007072200030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220.32
Year-over-Year Change
-2.36%
Date Range
1/1/2001 - 12/1/2013
Summary
This economic trend measures average hourly earnings for production and nonsupervisory employees in the private sector, without adjusting for seasonal factors. It provides insight into wage growth and labor market conditions.
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 the average hourly wage for production and nonsupervisory workers across private industries. This metric is widely used by economists and policymakers to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected through a monthly survey of a sample of private nonfarm businesses.
Historical Context
Policymakers and analysts closely monitor this wage trend to inform decisions on monetary policy and economic forecasting.
Key Facts
- Wage growth has slowed in recent months.
- The not seasonally adjusted series shows higher earnings compared to the seasonally adjusted data.
- This metric provides insight into inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for production and nonsupervisory employees in the private sector, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the strength of the labor market and inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of a sample of private nonfarm businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this wage trend to inform decisions on monetary policy and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays.
Similar SMU Trends
All Employees: Construction: Specialty Trade Contractors in Puerto Rico
SMU72000002023800001
All Employees: Education and Health Services: Private Colleges, Universities, and Professional Schools in Puerto Rico
SMU72000006561130001SA
Net migration for Puerto Rico
SMPOPNETMPRI
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Puerto Rico
SMU72000004142300001SA
All Employees: Durable Goods: Computer and Electronic Product Manufacturing in Puerto Rico
SMU72000003133400001A
All Employees: Non-Durable Goods: Beverage and Tobacco Product Manufacturing in Puerto Rico
SMU72000003231200001A
Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU72000007072200030), retrieved from FRED.