Retail Trade Earnings in North Carolina
NCERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,694,475.00
Year-over-Year Change
11.85%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in North Carolina indicator measures the average weekly earnings of retail trade workers in the state. This metric provides insight into the economic conditions and purchasing power of a key consumer 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 Earnings in North Carolina data series tracks the average weekly earnings of employees in the retail trade industry across the state. This metric is used by economists and policymakers to assess the financial health and spending power of North Carolina consumers.
Methodology
The data is collected through surveys of businesses and establishments in the retail sector.
Historical Context
Retail trade earnings are an important signal of consumer demand and economic activity in North Carolina.
Key Facts
- North Carolina's retail trade employs over 1 million workers.
- Retail earnings account for 10% of total private-sector wages in the state.
- Retail earnings in North Carolina have grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in North Carolina indicator tracks the average weekly earnings of employees in the retail industry across the state.
Q: Why is this trend relevant for users or analysts?
A: Retail trade earnings provide insights into consumer spending power and the overall health of North Carolina's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the retail sector.
Q: How is this trend used in economic policy?
A: Retail earnings data is used by economists and policymakers to assess consumer demand and guide economic decisions in North Carolina.
Q: Are there update delays or limitations?
A: The Retail Trade Earnings data is published monthly with a 2-month reporting lag.
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Citation
U.S. Federal Reserve, Retail Trade Earnings in North Carolina (NCERET), retrieved from FRED.