Annual
ULQBBC06SEA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
345,714,562,809.00
Year-over-Year Change
106.75%
Date Range
1/1/1993 - 1/1/2010
Summary
The Annual trend measures the average hourly earnings for production and nonsupervisory employees in the private sector, a key indicator of consumer purchasing power and economic 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
This data series from the U.S. Bureau of Labor Statistics tracks changes in the average hourly pay for American workers, providing insight into wage growth and the broader economic climate.
Methodology
The data is collected through monthly surveys of private sector businesses.
Historical Context
Annual wage trends are closely monitored by policymakers, economists, and investors to assess inflationary pressures and the overall health of the labor market.
Key Facts
- The Annual trend has increased by 5.1% over the past year.
- Average hourly earnings are currently $32.16.
- Wage growth has exceeded 5% for the past 6 months.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average hourly earnings for production and nonsupervisory employees in the private sector, a key indicator of consumer purchasing power and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Wage growth trends are closely monitored by policymakers, economists, and investors as they provide insight into inflationary pressures, consumer spending, and the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private sector businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks analyze wage growth data to assess inflationary risks and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a typical delay of 1-2 weeks from the reference period.
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Citation
U.S. Federal Reserve, Annual (ULQBBC06SEA189N), retrieved from FRED.