Annual
SMU22000008081200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.80
Year-over-Year Change
-5.95%
Date Range
1/1/1990 - 1/1/2017
Summary
The Annual trend measures the average annual wage in the United States. It is an important indicator of labor market conditions and economic growth.
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 average annual wage across all industries and occupations in the U.S. labor market. It is a key metric used by economists and policymakers to assess the overall health and productivity of the workforce.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend provides valuable context for interpreting macroeconomic policies and their impact on workers' earnings.
Key Facts
- The average annual wage in the U.S. was $63,214 in 2021.
- Wages have increased by 4.7% annually on average over the past 10 years.
- The Annual trend is a key input for measuring labor productivity and cost-of-living adjustments.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual wage across all industries and occupations in the U.S. labor market.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a crucial indicator of labor market conditions and economic growth, providing important context for interpreting macroeconomic policies and their impact on workers' earnings.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is used by economists and policymakers to assess the overall health and productivity of the workforce, which informs decisions related to macroeconomic policies, labor market regulations, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The Annual trend data is released with a lag, typically several months after the end of the reference year, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU22000008081200001A), retrieved from FRED.