All Employees: Goods Producing in Delaware
Annual
SMU10000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.00
Year-over-Year Change
15.12%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures changes in annual nominal wages and salaries per job in the United States. This key economic indicator provides insight into income growth and purchasing power dynamics.
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, published by the U.S. Bureau of Labor Statistics, tracks the year-over-year change in average annual nominal wages and salaries per job across all industries and occupations. It is a widely followed metric for assessing labor market conditions and consumer spending potential.
Methodology
The data is calculated based on quarterly surveys of employers across the country.
Historical Context
Policymakers and analysts use the Annual trend to evaluate the overall health of the U.S. economy and labor market.
Key Facts
- Wages and salaries account for over 50% of personal income in the U.S.
- The Annual trend reached a high of 5.9% in 2022 amid tight labor markets.
- Steady growth in the Annual trend is seen as a positive sign for consumer spending
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in average annual nominal wages and salaries per job across all industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of income growth and consumer spending potential, providing insights into the overall health of the labor market and economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on quarterly surveys of employers across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual trend to evaluate labor market conditions and consumer spending power, which informs decisions on monetary, fiscal, and economic policies.
Q: Are there update delays or limitations?
A: The Annual trend is published quarterly with a typical release lag of 1-2 months. The data may be subject to revisions as more complete information becomes available.
Related Trends
Monthly State Retail Sales: Food and Beverage Stores in Delaware
MSRSDE445
All Employees: Administrative and Support and Waste Management and Remediation Services in Delaware
SMU10000006056000001A
Value of Exports to Hungary from Delaware
DEHUNA052SCEN
All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Delaware
SMU10000005552200001SA
Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Delaware
DEOTRANEQMANRGSP
Chain-Type Quantity Index for Real GDP: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Delaware
DEPRFRMSPRTMSMQGSP
Citation
U.S. Bureau of Labor Statistics, Annual (SMU10000000600000001A), retrieved from FRED.