Average Weekly Earnings of All Employees: Information in Utah
SMU49000005000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,804.42
Year-over-Year Change
5.26%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the information sector in Utah. It provides insights into the labor market and wages in this key 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 Average Weekly Earnings of All Employees: Information in Utah metric tracks the average nominal weekly earnings for all employees in the information industry within the state. This data series is a valuable indicator of economic conditions and labor market trends in Utah's information sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and businesses to monitor labor market dynamics and wage growth in Utah's information industry.
Key Facts
- Utah's information sector accounts for over 5% of the state's employment.
- Average weekly earnings in the Utah information industry are 25% higher than the state's overall average.
- The information sector has experienced steady wage growth in Utah over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the information sector within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market conditions and wage growth in Utah's information industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this trend to monitor labor market dynamics and wage growth in Utah's information sector, which informs economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag, so there may be some delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Information in Utah (SMU49000005000000011), retrieved from FRED.