All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Illinois
Annual, Not Seasonally Adjusted
SMU17000004142300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.50
Year-over-Year Change
3.10%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures annual, not seasonally adjusted wages and salaries in the Retail Trade industry in the United States. It provides insight into the overall compensation trends within this key sector of the economy.
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 year-over-year changes in total wages and salaries paid to workers in the Retail Trade industry. This metric is useful for economists and policymakers to analyze employment and income dynamics within the retail sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Historical Context
Trends in retail wages can inform economic policy decisions and provide context for consumer spending patterns.
Key Facts
- Retail is a major US industry, employing over 15 million workers.
- Retail wages account for over $600 billion in annual compensation.
- Wage growth in retail has lagged overall private sector trends in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted wages and salaries paid to workers in the Retail Trade industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in retail wages provide insight into employment and income dynamics within this key sector of the economy, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Q: How is this trend used in economic policy?
A: Retail wage trends can inform economic policy decisions and provide context for consumer spending patterns.
Q: Are there update delays or limitations?
A: There may be lags in data availability and the series does not account for seasonal factors.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU17000004142300001A), retrieved from FRED.