Management of Companies and Enterprises Wages and Salaries in Utah
UTWMAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,984,337.00
Year-over-Year Change
31.39%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the wages and salaries paid to employees in the management of companies and enterprises industry in Utah. It provides insight into labor costs and compensation trends within this important business services sector.
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 Management of Companies and Enterprises Wages and Salaries in Utah series tracks the total compensation paid to workers in establishments primarily engaged in managing companies and enterprises. This data is used by economists, policymakers, and businesses to analyze labor market dynamics and benchmark wage levels within the management industry in Utah.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator can inform policy decisions and business strategies related to labor costs, economic competitiveness, and industry trends.
Key Facts
- Utah's management wages have grown 3.2% annually over the past 5 years.
- The management industry accounts for 3.5% of total employment in Utah.
- Wages in this sector are 42% higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to employees in the management of companies and enterprises industry in Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into labor costs and compensation trends within an important business services sector, which can inform economic analysis, policy decisions, and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator can inform policy decisions related to labor costs, economic competitiveness, and industry trends within the management and business services sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 1-2 month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Management of Companies and Enterprises Wages and Salaries in Utah (UTWMAN), retrieved from FRED.