Wholesale Trade Wages and Salaries in Connecticut
CTWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,042,808.00
Year-over-Year Change
11.39%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Connecticut series measures the total compensation paid to employees in the wholesale trade industry within the state of Connecticut. This metric provides insights into economic activity 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
This index tracks changes in the average hourly and weekly earnings of workers in the Connecticut wholesale trade sector. It is used by economists and policymakers to gauge the health of the state's wholesale industry and broader economic trends.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
Wholesale trade wages can signal consumer demand, business investment, and broader economic conditions in Connecticut.
Key Facts
- Connecticut's wholesale trade sector employs over 100,000 workers.
- Wholesale wages account for around 10% of total private sector earnings in the state.
- Wholesale trade wages in Connecticut have risen 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Connecticut series tracks the total compensation paid to workers in the state's wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and labor market conditions of Connecticut's wholesale trade sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wholesale trade wages can signal consumer demand, business investment, and broader economic conditions in Connecticut, making this data relevant for policymakers and economists monitoring the state's economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on the wholesale trade sector in Connecticut.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Connecticut (CTWWHO), retrieved from FRED.