Federal Reserve Economic Data

Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in U.S. City Average/Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: 16 years and over


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Notes

Source: U.S. Bureau of Labor Statistics  

Release: Average Price Data  

Units:  U.S. Dollars, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

Fresh regular 100% ground beef excluding round, chuck, and sirloin. Includes organic and non-organic. Excludes pre-formed patties.

Average consumer prices are calculated for household fuel, motor fuel, and food items from prices collected for the Consumer Price Index (CPI). Average prices are best used to measure the price level in a particular month, not to measure price change over time. It is more appropriate to use CPI index values for the particular item categories to measure price change.

Prices, except for electricity, are collected monthly by BLS representatives in the 75 urban areas priced for the CPI. Electricity prices are collected for the BLS for the same 75 areas on a monthly basis by the Department of Energy using mail questionnaires. All fuel prices include applicable Federal, State, and local taxes; prices for natural gas and electricity also include fuel and purchased gas adjustments.

For more information, please visit the Bureau of Labor Statistics.

Suggested Citation:

U.S. Bureau of Labor Statistics, Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in U.S. City Average [APU0000703112], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/APU0000703112, .

Source: U.S. Bureau of Labor Statistics  

Release: Weekly and Hourly Earnings from the Current Population Survey  

Units:  Dollars, Seasonally Adjusted

Frequency:  Quarterly

Notes:

Data measure usual weekly earnings of wage and salary workers. Wage and salary workers are workers who receive wages, salaries, commissions, tips, payment in kind, or piece rates. The group includes employees in both the private and public sectors but, for the purposes of the earnings series, it excludes all self-employed persons, both those with incorporated businesses and those with unincorporated businesses.
Usual weekly earnings represent earnings before taxes and other deductions and include any overtime pay, commissions, or tips usually received (at the main job in the case of multiple jobholders). Prior to 1994, respondents were asked how much they usually earned per week. Since January 1994, respondents have been asked to identify the easiest way for them to report earnings (hourly, weekly, biweekly, twice monthly, monthly, annually, or other) and how much they usually earn in the reported time period. Earnings reported on a basis other than weekly are converted to a weekly equivalent. The term "usual" is determined by each respondent's own understanding of the term. If the respondent asks for a definition of "usual," interviewers are instructed to define the term as more than half the weeks worked during the past 4 or 5 months. For more information see https://www.bls.gov/cps/earnings.htm

The series comes from the 'Current Population Survey (Household Survey)'

The source code is: LES1252881500

Suggested Citation:

U.S. Bureau of Labor Statistics, Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: 16 years and over [LES1252881500Q], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/LES1252881500Q, .

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Average Price Data
Weekly and Hourly Earnings from the Current Population Survey

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