Description
The United States Average Hourly Earnings - Total Private is released by the Bureau of Labor Statistics (BLS) and serves as a key indicator that measures overall wage growth across all private businesses in the U.S. This indicator reflects changes in the average hourly earnings of all employees in private enterprises and is commonly used to analyze labor market conditions and inflationary pressures. An increase in average hourly earnings generally indicates rising demand for labor, with businesses potentially raising wages to attract and retain employees; conversely, a slowdown in wage growth may signal weakening labor market demand or a slowdown in economic growth.
This data is released monthly, providing insights into changes in average hourly earnings from the previous month.
Note: The difference between Seasonally Adjusted (SA) and Not Seasonally Adjusted (NSA) data lies in the fact that seasonally adjusted data removes fluctuations caused by seasonal patterns, offering a clearer view of long-term trends and economic activity.