Federal Reserve Economic Data

Table Data - Average Hourly Earnings of Production Employees: Financial Activities: Finance and Insurance in Michigan (DISCONTINUED)

Title Average Hourly Earnings of Production Employees: Financial Activities: Finance and Insurance in Michigan (DISCONTINUED)
Series ID SMU26000005552000008SA
Source U.S. Bureau of Labor Statistics, Federal Reserve Bank of St. Louis
Release State and Metro Area Employment, Hours, and Earnings (Not a Press Release)
Seasonal Adjustment Seasonally Adjusted
Frequency Monthly
Units Dollars per Hour
Date Range 2003-01-01 to 2022-03-01
Last Updated 2022-04-16 4:47 AM CDT
Notes This series is discontinued and will no longer be updated. The Federal Reserve Bank of St. Louis previously calculated this seasonally adjusted (SA) series based on the not seasonally adjusted (NSA) version available here. However, most of the earnings-related series do not have a significant seasonal component, so the values for both the SA and the NSA series are very similar. See the NSA series for updated values.

The Federal Reserve Bank of St. Louis previously used to seasonally adjust this series by using the 'statsmodels' library from Python with default parameter settings. The package uses the U.S. Bureau of the Census X-13ARIMA-SEATS Seasonal Adjustment Program. More information on the 'statsmodels' X-13ARIMA-SEATS package can be found here. More information on X-13ARIMA-SEATS can be found here.

Many series include both seasonally adjusted (SA) and not seasonally adjusted (NSA) data. Occasionally, updates to the data will not include sufficient seasonal factors to trigger a seasonal adjustment. In these cases, the NSA series will be updated normally; but the SA series will also be updated with the NSA data. The NSA series can be located here here.

Some seasonally adjusted series may exhibit negative values because they are created from a seasonal adjustment process regardless of the actual meaning or interpretation of the given indicator.
DATE VALUE
2003-01-01 16.167226755268700
2003-02-01 16.784660914946800
2003-03-01 16.710015423695100
2003-04-01 16.987951599678098
2003-05-01 16.900421030141600
2003-06-01 16.976142329133502
2003-07-01 16.932582345238000
2003-08-01 17.351282699452300
2003-09-01 17.293741314132100
2003-10-01 17.218498257276700
2003-11-01 17.309614951198000
2003-12-01 17.014309915823800
2004-01-01 16.914910894653900
2004-02-01 16.743476512366900
2004-03-01 16.331813156506602
2004-04-01 16.539415900658600
2004-05-01 16.772833622969500
2004-06-01 16.976802710128200
2004-07-01 17.087395750841300
2004-08-01 17.212301183822500
2004-09-01 17.199229605889098
2004-10-01 16.952140607185100
2004-11-01 17.571317461366100
2004-12-01 17.561894012824098
2005-01-01 17.708325073515500
2005-02-01 17.963548640133200
2005-03-01 18.467808862789898
2005-04-01 18.564947543534000
2005-05-01 18.743226931413396
2005-06-01 18.744729084662602
2005-07-01 18.756955075523802
2005-08-01 18.781175796894500
2005-09-01 18.843292466280400
2005-10-01 18.990577207642800
2005-11-01 18.826112734684397
2005-12-01 19.085626866955900
2006-01-01 19.426079036988803
2006-02-01 19.217866119434603
2006-03-01 18.989170351794698
2006-04-01 18.967660003778400
2006-05-01 18.730299969259104
2006-06-01 18.875775119767500
2006-07-01 19.140625401972900
2006-08-01 18.722093550328100
2006-09-01 19.001793329082300
2006-10-01 19.121493634073200
2006-11-01 19.324365898056300
2006-12-01 19.553946531216198
2007-01-01 19.429417275083200
2007-02-01 19.361911917849700
2007-03-01 19.424899160710400
2007-04-01 19.694236985132800
2007-05-01 19.838944918984100
2007-06-01 19.175482408202104
2007-07-01 19.654009901101100
2007-08-01 20.124157253287900
2007-09-01 20.111376365202700
2007-10-01 20.131766800168100
2007-11-01 20.088764366599500
2007-12-01 20.329229658783700
2008-01-01 20.731025656434102
2008-02-01 20.707021294242600
2008-03-01 21.101139622107100
2008-04-01 20.908492721106400
2008-05-01 21.042802044530500
2008-06-01 21.244888626081604
2008-07-01 21.491968124469103
2008-08-01 21.419826590879800
2008-09-01 21.609545343495697
2008-10-01 21.439732326369900
2008-11-01 21.530030552826700
2008-12-01 21.532806443780700
2009-01-01 21.665892446867300
2009-02-01 21.881689863174500
2009-03-01 21.785154881127200
2009-04-01 21.874660350775798
2009-05-01 22.557896490469400
2009-06-01 22.098431565973800
2009-07-01 21.923125816042000
2009-08-01 21.904510844343000
2009-09-01 21.816209423518000
2009-10-01 22.183750889693304
2009-11-01 22.024128483768200
2009-12-01 22.181475494812396
2010-01-01 21.579968377968303
2010-02-01 21.061601965849302
2010-03-01 21.438361348181697
2010-04-01 21.861182944333300
2010-05-01 21.480878564381300
2010-06-01 21.144374517736498
2010-07-01 20.960179354664300
2010-08-01 20.841352503729800
2010-09-01 20.874658615599700
2010-10-01 20.687765919010600
2010-11-01 20.620327775199400
2010-12-01 20.353730788970800
2011-01-01 20.602529485291400
2011-02-01 20.656888944200400
2011-03-01 20.412756298401900
2011-04-01 20.465507816199000
2011-05-01 19.850472544197000
2011-06-01 20.220567423111500
2011-07-01 20.430037747158100
2011-08-01 20.283209394079500
2011-09-01 20.160797802624604
2011-10-01 20.418984308903102
2011-11-01 20.224376461036300
2011-12-01 20.178422269500900
2012-01-01 20.165670742015198
2012-02-01 20.021616073478900
2012-03-01 19.995981351503000
2012-04-01 19.753624405637897
2012-05-01 19.663401072184600
2012-06-01 19.572980139758400
2012-07-01 19.572825376612197
2012-08-01 19.714541895462300
2012-09-01 19.726009948201700
2012-10-01 19.548925567794700
2012-11-01 19.443926834645300
2012-12-01 19.497271984218800
2013-01-01 19.650920239199603
2013-02-01 19.277525517041198
2013-03-01 19.363848085129700
2013-04-01 19.554026503191600
2013-05-01 19.444574257004103
2013-06-01 19.557355732403300
2013-07-01 19.719497674983300
2013-08-01 19.254196725589700
2013-09-01 19.807232085651800
2013-10-01 19.897869647601700
2013-11-01 20.282842201430900
2013-12-01 20.396678579541604
2014-01-01 20.544029960861000
2014-02-01 20.883192786233000
2014-03-01 20.943329738162600
2014-04-01 21.045515856399600
2014-05-01 21.362622031369398
2014-06-01 21.752906185466600
2014-07-01 21.998381501557500
2014-08-01 22.251560669300300
2014-09-01 22.663765813787000
2014-10-01 22.690593313309304
2014-11-01 23.081020154166500
2014-12-01 23.461526808855200
2015-01-01 23.839552175224700
2015-02-01 23.924470695054804
2015-03-01 24.166455504497300
2015-04-01 24.303433964174800
2015-05-01 24.374521998498100
2015-06-01 24.321827821642500
2015-07-01 24.224902201896000
2015-08-01 24.253697646823603
2015-09-01 24.018524968090500
2015-10-01 24.070530640410300
2015-11-01 24.182321542961002
2015-12-01 23.951639273574900
2016-01-01 23.848547233922602
2016-02-01 23.681145726823303
2016-03-01 24.144937718762804
2016-04-01 24.713901146949000
2016-05-01 24.432067517565700
2016-06-01 24.463150717457900
2016-07-01 24.149295232244395
2016-08-01 24.233628151939200
2016-09-01 24.532196346775000
2016-10-01 24.132759711836300
2016-11-01 24.035051258144303
2016-12-01 24.075938847714700
2017-01-01 24.269573876122998
2017-02-01 23.887647423216098
2017-03-01 23.365319273644900
2017-04-01 23.883946629776002
2017-05-01 23.750549204901300
2017-06-01 23.868649324948002
2017-07-01 24.455196456711196
2017-08-01 24.314421935510100
2017-09-01 24.603661190705800
2017-10-01 24.896165881445103
2017-11-01 25.027365448837400
2017-12-01 25.219554740059600
2018-01-01 24.811522767868900
2018-02-01 24.916017548625103
2018-03-01 24.941354620337897
2018-04-01 24.832190953716896
2018-05-01 24.791920263304300
2018-06-01 25.022912822447700
2018-07-01 25.101800995255605
2018-08-01 25.062128157922803
2018-09-01 25.243203354056900
2018-10-01 25.164751989812302
2018-11-01 25.082357671809604
2018-12-01 25.660069178842100
2019-01-01 25.885074274225698
2019-02-01 26.479191198585400
2019-03-01 26.439177932412800
2019-04-01 26.777677899952500
2019-05-01 27.064758787822300
2019-06-01 27.306584312348104
2019-07-01 27.364898133703300
2019-08-01 27.829014398108600
2019-09-01 27.930888349652000
2019-10-01 28.226827820383700
2019-11-01 28.060568547731698
2019-12-01 27.955918047776102
2020-01-01 28.157396761584500
2020-02-01 28.147849195897500
2020-03-01 28.253826704900998
2020-04-01 28.270047432918602
2020-05-01 28.264202732986103
2020-06-01 27.727300555245300
2020-07-01 27.753524578307800
2020-08-01 27.422897578895103
2020-09-01 27.093462736285897
2020-10-01 26.230207899766803
2020-11-01 26.998708186525900
2020-12-01 26.692452516673104
2021-01-01 27.315889330609604
2021-02-01 26.654222081432800
2021-03-01 26.356859395731600
2021-04-01 26.531610014220400
2021-05-01 27.279111604521800
2021-06-01 27.008253662175900
2021-07-01 26.931266296229897
2021-08-01 26.992187173340900
2021-09-01 27.067013991942396
2021-10-01 27.332547033720303
2021-11-01 27.566362153951395
2021-12-01 27.874618903598105
2022-01-01 28.774666922564897
2022-02-01 28.277071843362698
2022-03-01 28.591862636887900

Subscribe to the FRED newsletter


Follow us

Back to Top