Average Weekly Earnings of Production Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Minnesota
SMU27000005552200030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,125.26
Year-over-Year Change
61.68%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the financial activities sector, specifically in credit intermediation and related activities, including monetary authorities - central bank in Minnesota.
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 data provides insights into wage levels and trends in the financial industry, which is a key driver of economic activity. This metric is closely monitored by economists and policymakers to assess labor market conditions and inflationary pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform monetary and fiscal policy decisions.
Key Facts
- The data is published monthly by the U.S. Bureau of Labor Statistics.
- This metric helps track labor costs and productivity in the financial industry.
- Minnesota is a major hub for credit intermediation and banking activities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the financial activities sector, specifically in credit intermediation and related activities, including monetary authorities - central bank in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into wage levels and trends in the financial industry, which is a key driver of economic activity. It is closely monitored by economists and policymakers to assess labor market conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to inform monetary and fiscal policy decisions by providing information on labor costs and productivity in the financial sector.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with typical release delays of a few weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Minnesota (SMU27000005552200030A), retrieved from FRED.