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Source: Federal Reserve Bank of Atlanta
Release: Wage Growth Tracker
Units: Percent Change from Year Ago, Not Seasonally Adjusted
Frequency: Monthly
Median of the year-over-year percent change in hourly wage rates computed at the individual level using linked wage records. Reported as a 3-month moving average.
For more details about this release from the Federal Reserve Bank of Atlanta, visit their Wage Growth Tracker webpage.
Federal Reserve Bank of Atlanta, 3-Month Moving Average of Unweighted Median Hourly Wage Growth: Overall [FRBATLWGT3MMAUMHWGO], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FRBATLWGT3MMAUMHWGO, December 4, 2023.
Source: U.S. Bureau of Labor Statistics
Release: Employment Situation
Units: Dollars per Hour, Not Seasonally Adjusted
Frequency: Monthly
The series comes from the 'Current Employment Statistics (Establishment Survey).'
The source code is: CEU0500000003
U.S. Bureau of Labor Statistics, Average Hourly Earnings of All Employees, Total Private [CEU0500000003], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CEU0500000003, December 4, 2023.
Source: U.S. Bureau of Labor Statistics
Release: Employment Cost Index
Units: Index Dec 2005=100, Seasonally Adjusted
Frequency: Quarterly
On April 26, 2006, The Employment Cost Index converted to the 2002 North American Industry Classification System (NAICS) and the 2000 Standard Occupational Classification System (SOC). In addition, several computational changes were introduced, including rebasing all series to December 2005=100 from June 1989=100, the introduction of new employment weights and seasonal adjustment factors.
For more detailed information on NAICS and SOC, including background and definitions, please see the Bureau of Labor Statistics (BLS) websites: https://www.bls.gov/bls/naics.htm and http://www.bls.gov/soc/home.htm.
U.S. Bureau of Labor Statistics, Employment Cost Index: Wages and Salaries: Private Industry Workers [ECIWAG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/ECIWAG, December 4, 2023.
Source: U.S. Bureau of Economic Analysis
Release: Personal Income and Outlays
Units: Index 2017=100, Seasonally Adjusted
Frequency: Monthly
BEA Account Code: DPCCRG
The Personal Consumption Expenditures Price Index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The change in the PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. For example, if car prices rise, car sales may decline while bicycle sales increase.
The PCE Price Index is produced by the Bureau of Economic Analysis (BEA), which revises previously published PCE data to reflect updated information or new methodology, providing consistency across decades of data that's valuable for researchers. They also offer the series as a Chain-Type index and excluding food and energy products, as above. The PCE price index less food excluding food and energy is used primarily for macroeconomic analysis and forecasting future values of the PCE price index.
The PCE Price Index is similar to the Bureau of Labor Statistics' consumer price index for urban consumers. The two indexes, which have their own purposes and uses, are constructed differently, resulting in different inflation rates.
For more information on the PCE price index, see:
U.S. Bureau of Economic Analysis, Guide to the National Income and Product Accounts of the United States (NIPA)
U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index
U.S. Bureau of Economic Analysis, Prices & Inflation
U.S. Bureau of Labor Statistics, Differences between the Consumer Price Index and the Personal Consumption Expenditure Price Index
U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) [PCEPILFE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCEPILFE, December 4, 2023.
Source: U.S. Bureau of Economic Analysis
Release: Personal Income and Outlays
Units: Index 2017=100, Seasonally Adjusted
Frequency: Monthly
BEA Account Code: DPCERG
The Personal Consumption Expenditures Price Index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The change in the PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. For example, if the price of beef rises, shoppers may buy less beef and more chicken.
The PCE Price Index is produced by the Bureau of Economic Analysis (BEA), which revises previously published PCE data to reflect updated information or new methodology, providing consistency across decades of data that's valuable for researchers. They also offer the series as a Chain-Type index, as above. The PCE price index is used primarily for macroeconomic analysis and forecasting.
The PCE Price index is the Federal Reserve’s preferred measure of inflation. The PCE Price Index is similar to the Bureau of Labor Statistics' consumer price index for urban consumers. The two indexes, which have their own purposes and uses, are constructed differently, resulting in different inflation rates.
For more information on the PCE price index, see:
U.S. Bureau of Economic Analysis, Guide to the National Income and Product Accounts of the United States (NIPA)
U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index
U.S. Bureau of Economic Analysis, Prices & Inflation
U.S. Bureau of Labor Statistics, Differences between the Consumer Price Index and the Personal Consumption Expenditure Price Index
U.S. Bureau of Economic Analysis, Personal Consumption Expenditures: Chain-type Price Index [PCEPI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCEPI, December 4, 2023.
Average Hourly Earnings of All Employees, Total Private
Monthly, Seasonally AdjustedPersonal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index)
Percent Change from Quarter One Year Ago, Quarterly, Seasonally AdjustedPersonal Consumption Expenditures: Chain-type Price Index
Annual, Not Seasonally Adjusted Quarterly, Seasonally Adjusted