All Employees: Wholesale Trade in Rhode Island
Annual
SMU44000004100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.40
Year-over-Year Change
-1.20%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Trend measures the total annual average earnings of all employees in the manufacturing industry in the United States. This metric is a key indicator of economic health and worker productivity.
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 Trend provides a comprehensive view of annual earnings in the U.S. manufacturing sector. Economists and policymakers analyze this data to assess wage growth, labor market conditions, and the overall strength of the industrial economy.
Methodology
The data is collected through surveys of employers and calculated as the average annual earnings per employee.
Historical Context
This trend is widely used to inform economic policy decisions and track the competitiveness of U.S. manufacturing.
Key Facts
- The annual average earnings in U.S. manufacturing reached a record high in 2021.
- Manufacturing accounts for approximately 11% of total U.S. employment.
- Annual earnings growth in manufacturing has outpaced the private sector average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the total annual average earnings of all employees in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth, labor market conditions, and the overall strength of the U.S. manufacturing sector, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated as the average annual earnings per employee in the manufacturing industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to inform decisions and policies related to workforce development, trade, and the competitiveness of U.S. manufacturing.
Q: Are there update delays or limitations?
A: The Annual Trend data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Rhode Island
SMU44000006500000011
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Rhode Island
SMU44000003133600001SA
Real Gross Domestic Product: Farms (111-112) in Rhode Island
RIFARMRGSP
Exports of Goods for Rhode Island
EXPTOTRI
Residential Carbon Dioxide Emissions, Coal for Rhode Island
EMISSCO2TOTVRCCORIA
High-Propensity Business Applications for Rhode Island
HBUSAPPWNSARI
Citation
U.S. Federal Reserve, Annual (SMU44000004100000001A), retrieved from FRED.