Average Weekly Earnings of Production Employees: Wholesale Trade in Illinois
SMU17000004100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,244.65
Year-over-Year Change
1.09%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Wholesale Trade in Illinois measures the average weekly wages for production workers in the wholesale trade industry within the state of Illinois. This metric is an important indicator of economic conditions and purchasing power in the region.
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 for hourly production workers in the wholesale trade sector across Illinois. It provides insight into wage trends and labor costs for a key industry in the state's economy.
Methodology
The data is collected through surveys of businesses in the wholesale trade industry in Illinois.
Historical Context
Policymakers and economists use this metric to gauge the strength of the state's labor market and consumer spending power.
Key Facts
- The average weekly earnings in Illinois wholesale trade reached $1,114 in 2022.
- Earnings in this sector have increased by 20% over the past decade.
- Wholesale trade accounts for over 300,000 jobs in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the wholesale trade industry across the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage and labor cost trends within a key sector of Illinois' economy, which is useful for policymakers, businesses, and economists analyzing economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the wholesale trade industry in Illinois.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the strength of the state's labor market and consumer spending power, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Wholesale Trade in Illinois (SMU17000004100000030), retrieved from FRED.