All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Mississippi
Annual, Not Seasonally Adjusted
SMU28000004300000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.50
Year-over-Year Change
48.87%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures average weekly earnings for all private nonfarm employees in the United States. It provides insights into wage growth and worker purchasing power.
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
This economic indicator tracks the average weekly earnings for private sector workers, offering a broad gauge of employee compensation. It is a key metric for analyzing labor market conditions and consumer spending potential.
Methodology
The data is collected through monthly surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of the U.S. economy and workers' standard of living.
Key Facts
- Private sector workers earned an average of $1,086 per week in 2022.
- Weekly earnings have risen by over 5% annually since 2021.
- The trend provides a bellwether for consumer purchasing power and economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the average weekly earnings for all private nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into wage growth and worker purchasing power, offering a broad gauge of employee compensation and the strength of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the strength of the U.S. economy and workers' standard of living, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU28000004300000001A), retrieved from FRED.