All Employees: Financial Activities: Insurance Carriers and Related Activities in Rhode Island
Annual
SMU44000005552400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.80
Year-over-Year Change
20.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures changes in annual nominal wages and salaries per job in the United States. It is a key indicator of employment costs 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 Annual trend represents the average annual nominal wages and salaries per job in the U.S. economy. It is a widely tracked economic statistic used by policymakers, businesses, and analysts to assess employment costs, labor market tightness, and inflationary pressures.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of employers.
Historical Context
The Annual trend provides important context for the Federal Reserve and other institutions when setting monetary and fiscal policies.
Key Facts
- The Annual trend reached a high of $70,239 in 2022.
- Wages have risen over 5% per year on average since 2021.
- Annual wages in the U.S. have more than doubled since 2000.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual nominal wages and salaries per job in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of employment costs and labor market conditions, providing important context for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of employers.
Q: How is this trend used in economic policy?
A: The Annual trend provides important context for the Federal Reserve and other institutions when setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a regular schedule with minimal delays.
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Citation
U.S. Federal Reserve, Annual (SMU44000005552400001A), retrieved from FRED.