Annual, Not Seasonally Adjusted
SMU30000004245300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
32.35%
Date Range
1/1/1990 - 1/1/2021
Summary
This series measures the average annual wage and salary accruals per full-time equivalent employee in the Mining and Logging sector in Pennsylvania. It provides insights into compensation trends within this critical industry.
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, Not Seasonally Adjusted series tracks the average annual wages and salaries of full-time employees in Pennsylvania's Mining and Logging sector. This metric is used by economists and policymakers to analyze labor market dynamics and productivity in this important economic segment.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding employment conditions and cost pressures in Pennsylvania's natural resource extraction industries.
Key Facts
- Pennsylvania's Mining and Logging sector employs over 25,000 workers.
- Average annual wages in this sector exceed $70,000.
- Wages have risen by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average annual wages and salaries of full-time employees in Pennsylvania's Mining and Logging sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and productivity in a critical industry for Pennsylvania's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze employment conditions and cost pressures in Pennsylvania's natural resource extraction industries.
Q: Are there update delays or limitations?
A: This annual series may have a lag of several months before the latest data is released.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU30000004245300001A), retrieved from FRED.