All Employees: Leisure and Hospitality in Puerto Rico
Annual, Not Seasonally Adjusted
SMU72000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.00
Year-over-Year Change
29.85%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total annual wages and salaries in the U.S., providing insight into overall economic activity and worker compensation.
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, Not Seasonally Adjusted wage and salary series represents the total dollar amount paid to U.S. workers on an annual basis, unadjusted for seasonal variations. It is a key indicator of the strength and growth of the national economy.
Methodology
The data is compiled by the U.S. Bureau of Labor Statistics from employer payroll records.
Historical Context
Policymakers and analysts use this trend to assess macroeconomic conditions and the financial well-being of American households.
Key Facts
- Total annual wages and salaries in the U.S. exceeded $8.3 trillion in 2021.
- Wage and salary growth slowed to 4.5% in 2020 due to the COVID-19 pandemic.
- This series has been tracked by the U.S. government since 1929.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual wages and salaries paid to workers across the United States, providing insight into the overall strength of the economy and worker compensation levels.
Q: Why is this trend relevant for users or analysts?
A: The total annual wages and salaries is a key indicator of economic activity, consumer spending power, and the financial well-being of American households. It is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Labor Statistics from employer payroll records.
Q: How is this trend used in economic policy?
A: Policymakers and central bankers use this trend to assess macroeconomic conditions and make decisions around monetary and fiscal policy, such as interest rates and tax policy.
Q: Are there update delays or limitations?
A: This annual series is released with a lag of several months, so the most recent data may not fully reflect current conditions. Additionally, the data is not adjusted for seasonal variations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000007000000001A), retrieved from FRED.