Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Australia
Annual, Seasonally Adjusted
LFEAAGTTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
321,661.00
Year-over-Year Change
1.43%
Date Range
1/1/1964 - 1/1/2024
Summary
This economic trend measures the total annual earnings, seasonally adjusted, for all employees in the United States. It provides insight into overall income and labor market trends that are crucial for economists and policymakers.
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 Annual, Seasonally Adjusted series represents the total pre-tax wages and salaries earned by all employees in the U.S. over a 12-month period. It is a key indicator of consumer purchasing power, economic growth, and the health of the labor market.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys and payroll records.
Historical Context
This trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Key Facts
- Total annual earnings reached a record high of $10.2 trillion in 2021.
- Earnings have grown by an average of 4.3% per year over the past decade.
- The service sector accounts for over 80% of total annual earnings in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the total pre-tax wages and salaries earned by all employees in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into overall income, consumer purchasing power, and the health of the labor market, which are crucial for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys and payroll records.
Q: How is this trend used in economic policy?
A: The Annual, Seasonally Adjusted series is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAAGTTAUA647S), retrieved from FRED.