All Employees: Manufacturing in Connecticut
Annual, Not Seasonally Adjusted
SMU09000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.10
Year-over-Year Change
-3.58%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the average annual earnings of all employees in the state of Iowa, not adjusted for seasonal factors. It provides insights into income and labor market conditions in the state.
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, Not Seasonally Adjusted series tracks the average annual earnings paid to all employees in Iowa, including both full-time and part-time workers. This metric is used by economists and policymakers to analyze state-level employment and income trends.
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
This trend is relevant for assessing the overall economic health and labor market conditions within Iowa.
Key Facts
- Iowa's average annual earnings were $52,480 in 2021.
- Earnings have increased by 15% over the past 5 years.
- The state's employment levels have recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual earnings of all employees in the state of Iowa, including both full-time and part-time workers. It provides insights into income and labor market conditions in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers to analyze state-level employment and income trends, which can inform decisions about economic and workforce development policies.
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: This trend is used by state and local policymakers to assess the overall economic health and labor market conditions within Iowa, which can inform decisions about economic development, workforce training, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU09000003000000001A), retrieved from FRED.