Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Indiana
Annual
SMU18000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
-3.49%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the total annual earnings, in dollars, for all employees in the United States. This key economic indicator provides insights into broader employment and wage growth trends.
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 series represents the total annual pay earned by all employees in the U.S. economy, including wages, salaries, bonuses, and other forms of compensation. Economists and policymakers monitor this data to understand broader patterns in the labor market and the overall health of the economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to assess the strength of consumer spending and broader macroeconomic conditions.
Key Facts
- Annual employee earnings in the U.S. reached a record high in 2021.
- Wage growth has outpaced inflation in recent years.
- The Annual trend is a key input for GDP and consumer spending forecasts.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual earnings, in dollars, for all employees in the United States, including wages, salaries, bonuses, and other forms of compensation.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into broader employment and wage growth trends, which are essential for assessing the overall health of the U.S. economy and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is widely used by economists, policymakers, and market analysts to assess the strength of consumer spending and broader macroeconomic conditions, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual data is typically released with a 1-2 month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU18000004000000002A), retrieved from FRED.