Retail Trade Wages and Salaries in Indiana
INWRET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,051,706.00
Year-over-Year Change
5.53%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Wages and Salaries in Indiana measure the average wages and salaries paid to workers in the retail trade industry within the state of Indiana. This metric provides insight into the economic conditions and labor market trends in the retail 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 Retail Trade Wages and Salaries in Indiana data series tracks the average hourly and weekly earnings of employees in the retail trade industry for the state of Indiana. This information is useful for analyzing the overall health and competitiveness of the retail labor market, as well as understanding the purchasing power and standard of living for retail workers.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to gauge the performance of the retail industry and its impact on the broader state economy.
Key Facts
- Indiana's retail trade industry employs over 400,000 workers.
- Retail wages in Indiana have increased by 15% over the past 5 years.
- The retail sector accounts for approximately 10% of Indiana's total employment.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Wages and Salaries in Indiana measure the average hourly and weekly earnings of employees in the retail trade industry for the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic conditions and labor market trends in the retail sector, which is a key driver of Indiana's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the performance of the retail industry and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay and may be subject to revisions.
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Citation
U.S. Federal Reserve, Retail Trade Wages and Salaries in Indiana (INWRET), retrieved from FRED.