Wholesale Trade Wages and Salaries in Minnesota
MNWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,411,425.00
Year-over-Year Change
10.13%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Minnesota series measures the average earnings of workers in the wholesale trade industry within the state. This metric provides insight into labor market conditions and spending power in the wholesale 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
This monthly series tracks the average hourly and weekly wages paid to employees in Minnesota's wholesale trade industry. It offers a detailed look at compensation levels and trends across this key component of the state's economy.
Methodology
The data is collected through surveys of businesses and establishments in the wholesale trade sector.
Historical Context
Wholesale trade wages are monitored by policymakers and analysts to gauge economic performance and consumer demand.
Key Facts
- Minnesota's wholesale trade industry employs over 100,000 workers.
- Wholesale wages in Minnesota averaged $27.50 per hour in 2022.
- The wholesale trade sector accounts for 5% of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Minnesota series tracks the average hourly and weekly earnings of workers employed in the state's wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and spending power within a key sector of Minnesota's economy, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the wholesale trade sector.
Q: How is this trend used in economic policy?
A: Wholesale trade wages are monitored by policymakers and analysts to gauge economic performance and consumer demand.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Minnesota (MNWWHO), retrieved from FRED.