Average Hourly Earnings of Production Employees: Wholesale Trade in Utah
SMU49000004100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.34
Year-over-Year Change
4.12%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees: Wholesale Trade in Utah measures the average hourly wage paid to production workers in the wholesale trade industry in Utah. This metric is a key indicator of labor market conditions and can inform economic policymaking.
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
This series tracks the average hourly earnings of production employees in the wholesale trade sector within the state of Utah. It provides insight into wage trends and labor costs for a critical component of the state's economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the economic health of Utah's wholesale trade industry and its implications for the broader state economy.
Key Facts
- Utah's wholesale trade sector employs over 70,000 workers.
- Wages in this industry have risen by 20% over the past decade.
- Wholesale trade accounts for 8% of Utah's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to production employees in the wholesale trade industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and wage trends in a key sector of Utah's economy, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the health of Utah's wholesale trade industry and its implications for the broader state economy, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Wholesale Trade in Utah (SMU49000004100000008), retrieved from FRED.