All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Wisconsin
Annual
SMU55000004244100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.90
Year-over-Year Change
14.57%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average annual earnings of employees in the private nonfarm sector in the United States. This metric is a key indicator of economic well-being and 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 represents the average annual pay for private sector workers, excluding government and agricultural employees. It is an important measure of workforce compensation and living standards used by economists and policymakers.
Methodology
The data is collected through surveys of U.S. employers by the Bureau of Labor Statistics.
Historical Context
Trends in annual earnings provide insights into the overall strength of the labor market and consumer spending power.
Key Facts
- Annual earnings reached a record high of $63,443 in 2021.
- Annual earnings growth has averaged 3.5% over the past decade.
- Real (inflation-adjusted) annual earnings have risen by 18% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual earnings of employees in the private nonfarm sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic well-being and productivity, providing insights into workforce compensation and living standards.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employers by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in annual earnings are used by economists and policymakers to assess the overall strength of the labor market and consumer spending power.
Q: Are there update delays or limitations?
A: The annual earnings data is published with a relatively short lag, typically within a few months of the end of the year.
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Citation
U.S. Federal Reserve, Annual (SMU55000004244100001A), retrieved from FRED.