New Houses Sold by Sales Price Between $800,000 and $999,999 in the Midwest Census Region
Percent, Annual
NHSMWSP80T99AP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/2020 - 1/1/2024
Summary
This trend measures the annual percent change in nominal hourly wages for supervisors in the wholesale trade sector. It provides insight into wage growth dynamics and labor market conditions.
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 Percent Change, Annual series tracks the year-over-year change in hourly wages for supervisors in wholesale trade, a key industry that bridges manufacturing and retail. This metric helps economists assess labor market tightness and inflationary pressures.
Methodology
The data is collected through the U.S. Current Employment Statistics survey.
Historical Context
Policymakers and analysts monitor this wage growth trend to gauge overall labor market health and inform monetary and fiscal policy decisions.
Key Facts
- Wholesale trade employs over 5.9 million workers in the U.S.
- Supervisory wages account for a significant portion of wholesale trade labor costs.
- Annual wage growth in this sector averaged 3.2% from 2010-2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in nominal hourly wages for supervisors in the wholesale trade sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring wage growth in the wholesale trade industry provides insight into overall labor market conditions and inflationary pressures that can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts track this wage growth metric to gauge labor market tightness and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
Related Trends
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Expenditures: Postage and Stationery by Region: Residence in the Midwest Census Region
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Housing Inventory Estimate: Vacant Housing Units in the Midwest Census Region
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Business Applications with Planned Wages: Total for All NAICS in Midwest Census Region
BAWBATOTALSAMW
Citation
U.S. Federal Reserve, Percent Change, Annual (NHSMWSP80T99AP), retrieved from FRED.