Average Weekly Earnings of All Employees: Construction in Indiana
Annual
SMU18000002000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,367.98
Year-over-Year Change
29.62%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in total annual wages and salaries per job in the U.S. This metric provides insights into national income growth and labor market trends.
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 annual percent change in total wages and salaries per job, a key indicator of labor productivity and personal income growth. Economists and policymakers use this data to analyze the health of the overall economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of business establishments.
Historical Context
This trend is used to monitor economic conditions and inform fiscal and monetary policy decisions.
Key Facts
- The Annual trend reached a high of 6.7% in 2021.
- Wages and salaries make up over 70% of personal income in the U.S.
- Annual wage growth has averaged 3.4% over the past 20 years.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total annual wages and salaries per job in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into national income growth and labor market trends, which are key indicators of the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of business establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to monitor economic conditions and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend is reported on a quarterly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual (SMU18000002000000011A), retrieved from FRED.