Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 25 to 54 Years for Canada
Annual, Seasonally Adjusted
LFIN25MACAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
663,466.70
Year-over-Year Change
3.61%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the average annual wage of finance and insurance industry employees in the United States. This economic indicator is closely watched by policymakers and labor analysts to gauge employment trends and compensation levels in the financial 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 economic series represents the average annual wage and salary income for employees in the finance and insurance industry, adjusted for seasonal variations. It provides insight into compensation trends and cost-of-living changes for a major component of the U.S. economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
The finance and insurance industry is a key driver of economic activity, and trends in employee compensation are closely monitored by policymakers and financial analysts.
Key Facts
- The finance and insurance industry employs over 6 million Americans.
- Average annual wages in the sector are over $100,000.
- Compensation trends often lead broader economic indicators.
FAQs
Q: What does this economic trend measure?
A: This series measures the average annual wage and salary income for employees in the finance and insurance industry in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Trends in finance and insurance sector compensation are closely watched by policymakers, labor economists, and financial analysts as a key indicator of employment, cost of living, and economic activity in a major industry.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor employment and compensation trends in the finance and insurance industry, which is a critical component of the broader U.S. economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short lag, providing timely insight into employment and wage trends in the finance and insurance sector.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFIN25MACAA647S), retrieved from FRED.