Retail Trade Wages and Salaries in Montana
MTWRET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,512,854.00
Year-over-Year Change
9.05%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic indicator tracks the total wages and salaries paid to retail trade workers in the state of Montana. It provides insights into the strength and trends of the state's retail 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 Retail Trade Wages and Salaries in Montana metric represents the aggregated compensation for employees in the retail trade industry across the state. This data point is used by economists and policymakers to assess the health and growth of Montana's consumer-facing businesses.
Methodology
The data is collected and reported by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Trends in retail wages can signal changes in consumer spending and labor market conditions.
Key Facts
- Montana's retail wages have grown by over 20% in the past decade.
- Retail is one of the largest private-sector employers in the state.
- Wage trends in this industry can signal changes in consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Wages and Salaries in Montana metric tracks the total compensation paid to retail workers across the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in retail wages provide insights into the health and growth of Montana's consumer-facing businesses and can signal changes in consumer spending and the broader labor market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in the retail trade industry.
Q: How is this trend used in economic policy?
A: Retail wage data is used by economists and policymakers to monitor the strength of consumer-facing sectors and make informed decisions about economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be some delay in publication due to the survey collection process.
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Citation
U.S. Federal Reserve, Retail Trade Wages and Salaries in Montana (MTWRET), retrieved from FRED.