Annual
This dataset tracks annual over time.
Latest Value
696.54
Year-over-Year Change
-20.52%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average annual wage for all workers in the United States. It is an important economic indicator that reflects changes in the overall labor market and standard of living.
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 trend represents the average annual wage or salary earnings for all employees, regardless of occupation or industry. It is a broad measure of labor compensation and a key benchmark for assessing economic conditions and worker productivity.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor wage growth and make informed decisions about economic and fiscal policies.
Key Facts
- The annual average wage in the U.S. was $51,916 in 2020.
- Wage growth has averaged around 3-4% per year over the past decade.
- Real wage growth, adjusted for inflation, has been relatively stagnant in recent years.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual wage or salary earnings for all employees in the United States, across all occupations and industries.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of labor market conditions and the overall standard of living. It helps economists and policymakers assess the strength of the economy and make informed decisions about economic policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual trend to monitor wage growth and make informed decisions about economic and fiscal policies, such as setting minimum wage levels or adjusting tax policies.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (PSAWMALUSDA), retrieved from FRED.