Wholesale Trade Wages and Salaries in Indiana
INWWHO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,723,751.00
Year-over-Year Change
18.45%
Date Range
1/1/1998 - 1/1/2025
Summary
The Wholesale Trade Wages and Salaries in Indiana indicator tracks earnings for workers in the wholesale trade industry within the state. It provides insights into economic conditions and labor market trends in a key 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
This series measures the average hourly and weekly earnings of production and nonsupervisory employees in the wholesale trade industry in Indiana. It is a useful metric for analyzing the financial health and competitiveness of the wholesale sector within the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Wholesale trade wages can signal the strength of business-to-business economic activity and consumer demand.
Key Facts
- Indiana's wholesale trade employs over 100,000 workers.
- Wholesale wages in Indiana are typically higher than the state's overall private sector average.
- Wholesale trade is a leading industry in Indiana, comprising over 5% of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: The Wholesale Trade Wages and Salaries in Indiana indicator tracks the average hourly and weekly earnings of production and nonsupervisory employees in the wholesale trade industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and competitiveness of the wholesale sector in Indiana, which is a crucial part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wholesale trade wages can signal the strength of business-to-business economic activity and consumer demand, which is relevant for policymakers and analysts monitoring Indiana's economic conditions.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reference period and the release of the latest data.
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Citation
U.S. Federal Reserve, Wholesale Trade Wages and Salaries in Indiana (INWWHO), retrieved from FRED.