Average Hourly Earnings - Private
Returns the most recent average hourly earnings data for private sector employees in the United States. This is a key labor market indicator published by the Bureau of Labor Statistics.
Data Source
Federal Reserve Economic Data (FRED) / Bureau of Labor Statistics
Syntax
=HourlyEarnings()Returns
number
Average hourly earnings of private sector employees
Examples
=HourlyEarnings()When to Use
- Tracking wage inflation
- Labor market analysis
- Economic research
- Inflation forecasting
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need weekly hours | HoursOfProduction() |
Common Issues & FAQ
How often is this updated?
Monthly, typically on the first Friday.
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