Average Hourly Earnings of Production Employees: Wholesale Trade: Wholesale Trade Agents and Brokers in Illinois
SMU17000004142500008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.70
Year-over-Year Change
3.96%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the wholesale trade industry in Illinois, specifically for wholesale trade agents and brokers. It provides insights into labor costs and productivity in this important sector.
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 Average Hourly Earnings of Production Employees: Wholesale Trade: Wholesale Trade Agents and Brokers in Illinois metric tracks the average hourly wage paid to workers involved in the wholesale distribution of goods within the state. This data point is used by economists and policymakers to analyze labor market trends and inform decisions around employment, wages, and overall economic conditions.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend helps inform decisions about economic and workforce policies that impact the wholesale trade industry in Illinois.
Key Facts
- The wholesale trade industry is a major employer in Illinois.
- Wages in the wholesale trade sector can impact overall consumer prices.
- Analyzing this trend can help identify labor market shifts in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the wholesale trade industry, specifically for wholesale trade agents and brokers, within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity in the wholesale trade sector, which is an important part of the Illinois economy. It can help inform decisions around employment, wages, and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend can help inform decisions about economic and workforce policies that impact the wholesale trade industry in Illinois.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the trend is updated regularly by the Federal Reserve.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Wholesale Trade: Wholesale Trade Agents and Brokers in Illinois (SMU17000004142500008), retrieved from FRED.