Retail Trade Wages and Salaries in Missouri
MOWRET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,867,660.00
Year-over-Year Change
7.53%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Wages and Salaries in Missouri indicator measures the average weekly earnings of workers in the retail trade industry in the state of Missouri. This metric is closely watched by economists and policymakers to gauge the health of the consumer economy.
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 Retail Trade Wages and Salaries in Missouri metric provides insight into the compensation trends of Missouri's retail workers, which comprise a significant portion of the state's labor force. This data series is an important signal of consumer spending power and economic conditions in the region.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Retail trade wages are a key input for analyzing consumer demand, inflation, and the overall business climate in Missouri.
Key Facts
- Missouri's retail industry employs over 450,000 workers.
- Retail wages account for nearly 10% of total personal income in Missouri.
- Retail wages in Missouri have grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Wages and Salaries in Missouri indicator measures the average weekly earnings of workers in the retail trade industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into consumer spending power and economic conditions in Missouri, as retail trade is a significant component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Retail trade wages are a key input for analyzing consumer demand, inflation, and the overall business climate in Missouri, which is relevant for policymakers and economists.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Retail Trade Wages and Salaries in Missouri (MOWRET), retrieved from FRED.