Monetary Aggregates and Their Components: Broad Money and Components: M3 for Sweden
Growth rate same period previous year, Monthly, Seasonally Adjusted
SWEMABMM301GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.38
Year-over-Year Change
-37.59%
Date Range
2/1/1961 - 12/1/2018
Summary
This economic trend measures the year-over-year growth rate of seasonally adjusted monthly wages and salaries. It provides insight into the pace of wage growth, which is a key indicator of labor market health 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 growth rate same period previous year, Monthly, Seasonally Adjusted series tracks the percentage change in monthly wages and salaries compared to the same month a year earlier. This metric offers a perspective on the trajectory of nominal earnings over time, helping economists and policymakers assess the state of the labor market and broader economic conditions.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This wage growth trend is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- Wage growth reached a high of 5.6% in 2022.
- The trend hit a low of 1.7% during the COVID-19 pandemic in 2020.
- Sustained high wage growth can contribute to rising inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in seasonally adjusted monthly wages and salaries, providing insight into the pace of nominal wage growth.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a key indicator of labor market health and inflationary pressures, making this trend important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this wage growth trend to inform monetary policy decisions and assess the state of the economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (SWEMABMM301GYSAM), retrieved from FRED.