Average Weekly Earnings of Production Employees: Retail Trade: Motor Vehicle and Parts Dealers in Illinois
SMU17000004244100030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,080.83
Year-over-Year Change
13.38%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average weekly earnings of production employees in the retail trade sector for motor vehicle and parts dealers in Illinois. It provides insights into wage trends in this key economic 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 weekly earnings data reflects the gross pay earned by production workers in the motor vehicle and parts dealers industry within the retail trade sector in Illinois. This metric is used by economists and policymakers to analyze labor market conditions and consumer purchasing power.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the financial health and spending power of consumers in Illinois, which has implications for the broader economy.
Key Facts
- Illinois is a major automotive manufacturing hub.
- Motor vehicle and parts dealers account for a significant portion of retail trade employment.
- Wage trends in this sector can signal changes in consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the retail trade sector for motor vehicle and parts dealers in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage trends in a key economic sector, which can inform analysis of labor market conditions and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the financial health and spending power of consumers in Illinois, which has implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and limitations of the U.S. Bureau of Labor Statistics surveys.
Similar SMU Trends
Gross Domestic Product: Support Activities for Mining (213) in Illinois
ILSAMINNGSP
Gross Domestic Product: Rail Transportation (482) in Illinois
ILRAILTRANNGSP
All Employees: Government: State Government Educational Services in Illinois
SMU17000009092161101SA
Real Gross Domestic Product: Paper Manufacturing (322) in Illinois
ILPAPMANRGSP
Average Hourly Earnings of Production Employees: Retail Trade: Motor Vehicle and Parts Dealers in Illinois
SMU17000004244100008
Average Weekly Hours of Production Employees: Construction in Illinois
SMU17000002000000007
Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Retail Trade: Motor Vehicle and Parts Dealers in Illinois (SMU17000004244100030), retrieved from FRED.