All Employees: Service-Providing in Indiana
Annual, Not Seasonally Adjusted
SMU18000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,564.70
Year-over-Year Change
11.98%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the average weekly earnings for all employees on private nonfarm payrolls in the United States. This key indicator provides insights into the overall health and trends of the U.S. labor market and broader 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
This series represents the average weekly earnings of all employees on private nonfarm payrolls, not adjusted for seasonal variations. It is a widely tracked metric used by economists, policymakers, and analysts to gauge worker compensation, consumer purchasing power, and broader economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of U.S. businesses.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Average weekly earnings were $1,090.48 in 2022.
- Earnings have increased by over 50% since 2000.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the average weekly earnings for all employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into worker compensation, consumer purchasing power, and broader economic conditions, making it a key indicator monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of U.S. businesses.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely track this trend to inform economic policy decisions, as it reflects the overall health and trends of the U.S. labor market.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of a few weeks from the end of the reference period.
Related Trends
State Tax Collections: T50 Death and Gift Taxes for Indiana
QTAXT50QTAXCAT3INNO
90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Indiana
PECIUB0T4IN18000A647NCEN
Average Weekly Earnings of Production Employees: Health Care and Social Assistance in Indiana
SMU18000006562000030A
Chain-Type Quantity Index for Real GDP: Information (51) in Indiana
ININFOQGSP
Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in Indiana
INAPPLEATHMANQGSP
Gross Domestic Product: Health Care and Social Assistance (62) in Indiana
INHLTHSOCASSNQGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU18000000700000001A), retrieved from FRED.