Average Weekly Earnings of Production Employees: Wholesale Trade in Minnesota
SMU27000004100000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,289.72
Year-over-Year Change
37.36%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Average Weekly Earnings of Production Employees: Wholesale Trade in Minnesota' series tracks the average weekly earnings of production workers in the wholesale trade industry within Minnesota. This metric provides insight into wage trends and economic conditions in the state.
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
This economic series measures the average weekly earnings of production employees specifically within the wholesale trade industry in Minnesota. It is a key indicator of labor market dynamics and purchasing power for this important economic sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to monitor economic performance and wage growth in Minnesota's wholesale trade industry.
Key Facts
- Minnesota's wholesale trade industry employs over 110,000 workers.
- Average weekly earnings in this sector have risen by 18% over the past 5 years.
- Wholesale trade accounts for over 5% of Minnesota's total GDP.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of production employees in Minnesota's wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and labor market conditions in a key economic sector for the state of Minnesota.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor performance and trends in Minnesota's wholesale trade industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Wholesale Trade in Minnesota (SMU27000004100000030A), retrieved from FRED.