Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Minnesota
SMU27000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
968.75
Year-over-Year Change
8.23%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator tracks the average weekly earnings of all employees in the trade, transportation, and utilities sectors in Minnesota. It provides insights into labor market conditions and compensation trends in this key economic region.
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 Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Minnesota measure the average weekly pay for workers in these vital industries across the state. This metric is used by economists and policymakers to assess employment dynamics, cost of living, and the overall health of the regional economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policies.
Key Facts
- The series began in January 1990.
- Earnings in this sector averaged $1,087 per week as of the latest data.
- Weekly pay has increased by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly earnings of all employees in the trade, transportation, and utilities sectors across Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly earnings provide insights into labor market conditions, cost of living, and the overall health of the regional economy.
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: Trends in average weekly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Minnesota (SMU27000004000000011), retrieved from FRED.