Retail Trade Earnings in Pennsylvania
PAERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,824,697.00
Year-over-Year Change
11.59%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in Pennsylvania indicator measures the average weekly earnings of employees in the retail trade industry within the state of Pennsylvania. It provides insights into the economic well-being and purchasing power of retail workers.
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 series represents the average weekly earnings for all employees in the retail trade sector in Pennsylvania. It is a key indicator of the financial health and consumer spending potential of a large segment of the state's workforce.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Retail trade earnings are closely watched by policymakers and analysts to assess the broader economic conditions and consumer confidence in Pennsylvania.
Key Facts
- Pennsylvania has the 6th largest retail industry in the U.S.
- Retail trade accounts for over 800,000 jobs in Pennsylvania.
- Average weekly earnings in Pennsylvania retail trade are $610.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in Pennsylvania indicator measures the average weekly earnings of employees in the retail trade industry within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Retail trade earnings provide insights into the economic well-being and purchasing power of a significant segment of Pennsylvania's workforce, which is crucial for understanding consumer spending patterns and broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail trade earnings are closely watched by policymakers and analysts to assess the broader economic conditions and consumer confidence in Pennsylvania, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
State Tax Collections: T01 Property Taxes for Pennsylvania
QTAXT01QTAXCAT3PANO
Construction Wages and Salaries in Pennsylvania
PAWCON
New Private Housing Units Authorized by Building Permits for Pennsylvania
PABPPRIVSA
Coefficient for Commercial Carbon Dioxide Emissions, Motor Gasoline for Pennsylvania
EMISSCO2CMGCCBPAA
Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Pennsylvania
PAMVEHMANNGSP
Number of Nonmember Commercial Banks in Pennsylvania
X08CBNMBTPA
Citation
U.S. Federal Reserve, Retail Trade Earnings in Pennsylvania (PAERET), retrieved from FRED.