All Employees: Wholesale Trade in Maryland
Annual
SMU24000004100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.50
Year-over-Year Change
1.39%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Trend measures the total annual average earnings of employees in the United States. This metric is crucial for economists and policymakers to gauge overall income, consumption, and economic well-being.
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 total compensation, including wages, salaries, and bonuses, earned by U.S. workers on an annual basis. It is a key indicator of the financial health and purchasing power of American households.
Methodology
The data is collected through surveys of employers and calculated as the annual average of monthly earnings.
Historical Context
Policymakers and analysts use the Annual Trend to inform decisions around tax, spending, and economic policies.
Key Facts
- The average annual earnings in the U.S. were $54,132 in 2022.
- Annual earnings have increased by 23% over the past decade.
- Real (inflation-adjusted) annual earnings grew by 1.5% in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the total average annual earnings of U.S. employees, including wages, salaries, and bonuses.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of income, consumption, and overall economic well-being for American households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as the annual average of monthly earnings.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual Trend to inform decisions around tax, spending, and other economic policies.
Q: Are there update delays or limitations?
A: The Annual Trend data is typically released with a 1-2 month delay and may be subject to revisions.
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Citation
U.S. Federal Reserve, Annual (SMU24000004100000001A), retrieved from FRED.