Average Weekly Earnings of Production Employees: Retail Trade: Motor Vehicle and Parts Dealers in Illinois
Annual
SMU17000004244100030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
956.57
Year-over-Year Change
70.19%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the annual average of seasonally adjusted total nonfarm employment in Oklahoma. It is a key indicator of economic activity and labor market conditions in the state.
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 trend represents the yearly average of seasonally adjusted total nonfarm payroll employment in Oklahoma. This broad measure of employment is closely watched by economists, policymakers, and businesses to gauge the overall health and direction of the state's economy.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in annual nonfarm employment are used to inform economic and labor market policies at the state level.
Key Facts
- Oklahoma's annual nonfarm employment averaged 1.74 million in 2022.
- The state's nonfarm payrolls have grown by 3.2% over the past year.
- The Annual trend is published with a one-month lag by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average of seasonally adjusted total nonfarm payroll employment in the state of Oklahoma.
Q: Why is this trend relevant for users or analysts?
A: Trends in annual nonfarm employment are a key indicator of the overall health and direction of Oklahoma's economy, providing important context for economic and labor market policies.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual trend to monitor labor market conditions and inform economic policies at the state level.
Q: Are there update delays or limitations?
A: The Annual trend is published with a one-month lag by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual (SMU17000004244100030A), retrieved from FRED.