Annual
SMU22000003232200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-27.84%
Date Range
1/1/1990 - 1/1/2017
Summary
The Annual trend measures changes in total annual wages and salaries in the private sector over time. This key economic indicator provides insights into labor market dynamics and overall economic performance.
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 total dollar amount of private sector wages and salaries paid out across the United States over a one-year period. It is a widely used metric for evaluating employment, income, and consumption trends within the broader economy.
Methodology
The data is collected through surveys of private businesses and establishments.
Historical Context
Policymakers and analysts closely monitor the Annual trend to assess the health of the labor market and make informed decisions.
Key Facts
- The Annual trend reached a record high of $9.2 trillion in 2021.
- Annual private sector wages have grown by an average of 4.3% per year over the past decade.
- The Annual trend is a key input for calculating GDP and other macroeconomic indicators.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual wages and salaries paid out to private sector workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides valuable insights into labor market dynamics, income growth, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Annual trend to assess the health of the labor market and make informed decisions.
Q: Are there update delays or limitations?
A: The Annual trend is released with a delay of several months, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU22000003232200001A), retrieved from FRED.