All Employees: Construction: Specialty Trade Contractors in Delaware
Annual, Not Seasonally Adjusted
SMU10000002023800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.80
Year-over-Year Change
35.04%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the average annual wages and salaries in the United States. This metric is important for economists and policymakers to analyze workforce compensation and labor market 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
This series represents the average annual pay for all employees in the U.S., without adjusting for seasonal variations. It provides insight into broader wage growth and distribution patterns across the economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers use this trend to inform decisions around employment, taxation, and social programs.
Key Facts
- The annual average wage in the U.S. was $63,251 in 2021.
- Wage growth has outpaced inflation in recent years.
- Wages vary significantly by industry and occupation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual wages and salaries earned by all employees in the United States, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into broader workforce compensation patterns and can inform policy decisions around employment, taxation, and social programs.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze labor market dynamics and workforce compensation, which can inform decisions around employment, taxation, and social programs.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU10000002023800001A), retrieved from FRED.