Average Weekly Earnings of All Employees: Information in Massachusetts
Annual
SMU25000005000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,193.83
Year-over-Year Change
46.45%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average number of employees per year in the private sector in the United States. This key metric provides insight into the overall health and growth of the U.S. labor market.
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 tracks the yearly average of the number of employees in the private sector, including industries such as manufacturing, retail, and professional services. This data is used by economists and policymakers to assess the strength of the U.S. economy and guide policy decisions.
Methodology
The data is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Historical Context
The Annual trend is a crucial input for analyzing the state of the labor market and broader economic conditions.
Key Facts
- The Annual trend has shown steady growth since the Great Recession.
- The private sector accounts for approximately 85% of total U.S. employment.
- The Annual trend is a key indicator of economic strength and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of employees per year in the U.S. private sector, providing insight into the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a crucial indicator of economic performance and is used by economists, policymakers, and investors to assess the strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected through surveys of U.S. businesses and establishments by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is used by policymakers and central banks to inform decisions on monetary and fiscal policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The Annual trend data is subject to revisions and may have a delay of several months before the latest figures are released.
Related Trends
Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Massachusetts
MAAMBHCQGSP
Real Gross Domestic Product: Information (51) in Massachusetts
MAINFORQGSP
Monthly State Retail Sales: Gasoline Stations in Massachusetts
MSRSMA447
Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Massachusetts
MAPLASRUBMANRGSP
Real Gross Domestic Product: Military in Massachusetts
MAGOVFEDMILRGSP
Housing Inventory: New Listing Count in Massachusetts
NEWLISCOUMA
Citation
U.S. Federal Reserve, Annual (SMU25000005000000011A), retrieved from FRED.