Retail Trade Earnings in South Carolina
SCERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,639,417.00
Year-over-Year Change
15.09%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in South Carolina trend measures average weekly earnings for retail trade workers in the state. It provides insight into the economic conditions and spending power of a key 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 series tracks the average weekly earnings of employees in the retail trade industry across South Carolina. It is an important indicator of consumer spending and economic activity in the state.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Historical Context
Retail trade earnings are closely watched by policymakers and analysts to assess the health of the consumer economy.
Key Facts
- Retail trade is a major employer in South Carolina.
- Earnings in this sector have grown steadily in recent years.
- Fluctuations in retail earnings can signal changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in South Carolina trend measures the average weekly earnings of employees in the retail trade industry across the state.
Q: Why is this trend relevant for users or analysts?
A: Retail trade earnings are an important indicator of consumer spending and economic activity in South Carolina, providing insight into a key sector of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program 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 health of the consumer economy and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a delay of several months before the most recent information is available.
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Citation
U.S. Federal Reserve, Retail Trade Earnings in South Carolina (SCERET), retrieved from FRED.