Retail Trade Wages and Salaries in Nebraska
NEWRET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,982,330.00
Year-over-Year Change
6.86%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Wages and Salaries in Nebraska measure the total compensation paid to workers in the retail trade industry in the state of Nebraska. This metric is an important indicator of economic activity and consumer spending in the region.
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 Retail Trade Wages and Salaries in Nebraska series tracks the total payroll for retail employees in the state, including wages, salaries, bonuses, and other forms of monetary compensation. This data provides insight into the health and growth of the retail sector, which is a key driver of economic performance in many local markets.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Retail trade trends are closely monitored by economists, policymakers, and businesses to assess consumer demand and the broader economic environment.
Key Facts
- Nebraska's retail trade sector employs over 180,000 workers.
- Retail wages account for nearly 10% of total private-sector compensation in the state.
- Retail trade wages in Nebraska have grown by over 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Wages and Salaries in Nebraska series tracks the total compensation paid to workers in the retail industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and performance of the retail sector, which is a crucial component of Nebraska's economy and a key indicator of consumer spending and confidence.
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: Retail trade trends are closely monitored by policymakers, economists, and businesses to assess consumer demand, economic growth, and the broader business environment.
Q: Are there update delays or limitations?
A: The Retail Trade Wages and Salaries in Nebraska data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Retail Trade Wages and Salaries in Nebraska (NEWRET), retrieved from FRED.