Annual
BPFAFD01LUA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,785,000,000.00
Year-over-Year Change
-567.29%
Date Range
1/1/2002 - 1/1/2013
Summary
The Annual trend measures the average annual pay for full-time, full-year civilian workers in the United States. This metric is a key indicator of employment compensation and labor market conditions.
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 average total annual earnings for full-time, full-year workers. It is a widely-used statistic for understanding changes in real purchasing power and labor market dynamics over time.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This economic indicator is closely monitored by policymakers, economists, and labor market analysts.
Key Facts
- The average annual pay in the U.S. was $53,383 in 2021.
- Annual earnings have increased by over 50% since 2000.
- Real wages have grown more slowly than productivity in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average total annual earnings for full-time, full-year civilian workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of employment compensation and labor market conditions, providing insights into changes in real purchasing power over time.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by policymakers, economists, and labor market analysts to assess employment, wage, and overall economic conditions.
Q: Are there update delays or limitations?
A: The Annual data is published annually with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (BPFAFD01LUA636N), retrieved from FRED.