FRED Graph

Notes

Average Hourly Earnings of All Employees, Total Private (CES0500000003)

Source: U.S. Bureau of Labor Statistics

Units: Dollars per Hour, Seasonally Adjusted

Frequency: Monthly

Notes:

The series comes from the 'Current Employment Statistics (Establishment Survey).'
The source code is: CES0500000003

The Average Hourly Earnings of All Private Employees is a measure of the average hourly earnings of all private employees on a “gross” basis, including premium pay for overtime and late-shift work. These differ from wage rates in that average hourly earnings measure the actual return to a worker for a set period of time, rather than the amount contracted for a unit of work, the wage rate. This measure excludes benefits, irregular bonuses, retroactive pay, and payroll taxes paid by the employer.

Average Hourly Earnings are collected in the Current Employment Statistics (CES) program and published by the BLS. It is provided on a monthly basis, so this data is used in part by macroeconomists as an initial economic indicator of current trends. Progressions in earnings specifically help policy makers understand some of the pressures driving inflation.

It is important to note that this series measures the average hourly earnings of the pool of workers in each period. Thus, changes in average hourly earnings can be due to either changes in the set of workers observed in a given period, or due to changes in earnings. For instance, in recessions that lead to the disproportionate increase of unemployment in lower-wage jobs, average hourly earnings can increase due to changes in the pool of workers rather than due to the widespread increase of hourly earnings at the worker-level.

For more information, see:
U.S. Bureau of Labor Statistics, CES Overview
U.S. Bureau of Labor Statistics, BLS Handbook of Methods: Chapter 2. Employment, Hours, and Earnings from the Establishment Survey

Suggested Citation:

U.S. Bureau of Labor Statistics, Average Hourly Earnings of All Employees, Total Private [CES0500000003], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CES0500000003, .

Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP)

Source: Board of Governors of the Federal Reserve System (US)

Release: Household Debt Service Ratios

Units: Percent, Seasonally Adjusted

Frequency: Quarterly

Notes:

The Household Debt Service Ratio (DSR) is the ratio of total required household debt payments to total disposable income.

The DSR is divided into two parts. The Mortgage DSR (MDSP) is total quarterly required mortgage payments divided by total quarterly disposable personal income. The Consumer DSR (CDSP) is total quarterly scheduled consumer debt payments divided by total quarterly disposable personal income. The Mortgage DSR and the Consumer DSR sum to the DSR.

For questions on the data, please contact the data source. For questions on FRED functionality, please contact us here.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Household Debt Service Payments as a Percent of Disposable Personal Income [TDSP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/TDSP, .

Student Loans Owned and Securitized (DISCONTINUED) (SLOAS)

Source: Board of Governors of the Federal Reserve System (US)

Release: G.19 Consumer Credit

Units: Millions of Dollars, Not Seasonally Adjusted

Frequency: Quarterly, End of Period

Notes:

For questions on the data, please contact the data source. For questions on FRED functionality, please contact us here.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Student Loans Owned and Securitized (DISCONTINUED) [SLOAS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SLOAS, .