Wholesale Trade Wages and Salaries in Alabama
ALWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,171,527.00
Year-over-Year Change
13.35%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Alabama measure the average earnings of workers in the wholesale trade industry within the state. This metric provides insights into the economic health and labor dynamics of a key sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Wholesale Trade Wages and Salaries in Alabama represents the average hourly or weekly pay for employees in Alabama's wholesale trade industry, which includes businesses that sell goods to other businesses rather than directly to consumers.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps policymakers and analysts assess the competitiveness and productivity of Alabama's wholesale sector.
Key Facts
- Alabama's wholesale trade employs over 80,000 workers.
- Wholesale wages in Alabama are typically higher than the state's average private sector pay.
- The wholesale industry accounts for nearly 5% of Alabama's gross domestic product.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Alabama indicator tracks the average hourly or weekly earnings of workers employed in the wholesale trade industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor dynamics and economic health of Alabama's wholesale trade sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the competitiveness and productivity of Alabama's wholesale industry, which can inform economic development strategies and labor market policies.
Q: Are there update delays or limitations?
A: The Wholesale Trade Wages and Salaries in Alabama data is published monthly with a lag of several weeks, so it may not reflect the most recent economic conditions.
Related Trends
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Real Gross Domestic Product: Private Services-Providing Industries in Alabama
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Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Alabama
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Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Alabama
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Alabama (ALWWHO), retrieved from FRED.