All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Minnesota
Monthly, Not Seasonally Adjusted
SMU27000004142400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.90
Year-over-Year Change
-3.30%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the Retail Trade sector in the United States, providing insights into wage dynamics and labor market conditions.
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 Retail Trade Hourly Earnings measure tracks the average hourly wages paid to workers in the retail industry, which is a key indicator of economic activity and consumer demand. This data is used by economists and policymakers to analyze labor market trends and inform decisions related to monetary and fiscal policies.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to assess the health of the labor market and consumer spending patterns.
Key Facts
- The Retail Trade Hourly Earnings measure has shown steady growth over the past decade.
- This trend is a leading indicator of consumer spending and economic activity.
- The retail industry is a significant employer, accounting for over 15 million jobs in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the Retail Trade sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage dynamics and labor market conditions, which are crucial for understanding consumer spending patterns and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other economic institutions to assess the health of the labor market and inform decisions related to monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of approximately one month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU27000004142400001), retrieved from FRED.