Wholesale Trade Wages and Salaries in Florida
FLWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,349,789.00
Year-over-Year Change
21.09%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Florida series measures the average hourly and weekly earnings of workers in the wholesale trade industry within the state of Florida. This metric provides insight into the compensation levels and trends in this key economic sector.
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 Wholesale Trade Wages and Salaries in Florida series tracks the average hourly and weekly earnings of production and nonsupervisory employees in the wholesale trade industry across the state. Economists and policymakers monitor this data to assess labor market conditions and cost pressures within the wholesale distribution sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Wholesale trade wages and salaries are an important indicator of economic activity and consumer demand, as changes in this metric can signal shifts in business investment and household spending.
Key Facts
- Florida's wholesale trade sector employs over 400,000 workers.
- Wholesale wages in Florida have risen by 20% over the past decade.
- The wholesale trade industry accounts for 8% of Florida's GDP.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Florida series tracks the average hourly and weekly earnings of production and nonsupervisory employees in the wholesale trade industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and cost pressures within the wholesale distribution sector, which is a key driver of economic activity and consumer demand in Florida.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor wholesale trade wages and salaries to assess broader economic trends and make informed decisions regarding fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag between the reference period and publication.
Related Trends
Other Deposits in All Commercial Banks in Florida
X08IOACBOFL
Average Hourly Earnings of All Employees: Total Private in Florida
SMU12000000500000003
Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Florida
FLPCERECGD
Average Weekly Hours of All Employees: Total Private in Florida
SMU12000000500000002A
All Marginally Attached Workers for Florida
ALLMARGATFL
Real Gross Domestic Product: Construction (23) in Florida
FLCONSTRQGSP
Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Florida (FLWWHO), retrieved from FRED.