Annual, Not Seasonally Adjusted
SMU15000004244800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.40
Year-over-Year Change
-44.35%
Date Range
1/1/1990 - 1/1/2020
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the average annual wage in the San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area. This metric is crucial for understanding regional labor market dynamics and cost-of-living factors.
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 wage, calculated by dividing total annual payroll by annual average employment, for the San Jose-Sunnyvale-Santa Clara, CA MSA. It provides important context on compensation levels and economic competitiveness in this major technology hub.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess regional economic performance and inform decisions around workforce development, infrastructure investment, and cost-of-living adjustments.
Key Facts
- The San Jose MSA has the highest average annual wage of any U.S. metro area.
- Annual wages in the San Jose region are over 50% higher than the national average.
- Technology and innovation industries are the primary drivers of high wages in this market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual wage for workers in the San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into regional labor market dynamics and economic competitiveness, particularly for a major technology hub like the San Jose MSA.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess regional economic performance and inform decisions around workforce development, infrastructure investment, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: This annual data series is subject to revision and may have a one-year delay in publication.
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Citation
U.S. Bureau of Labor Statistics, Annual, Not Seasonally Adjusted (SMU15000004244800001A), retrieved from FRED.