Retail Trade Earnings in South Dakota
SDERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,792,501.00
Year-over-Year Change
11.62%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in South Dakota measure the average weekly earnings of retail trade workers in the state. This metric provides insight into the economic health and purchasing power of consumers in South Dakota.
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 series tracks the average weekly earnings of employees in the retail trade industry, which includes businesses that sell merchandise and provide services directly to the public. This data point is a key indicator of consumer spending trends and the overall economic climate in South Dakota.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to understand consumer demand and make informed decisions about economic policy.
Key Facts
- South Dakota's retail trade earnings averaged $493 per week in 2022.
- Retail trade accounts for over 10% of total employment in South Dakota.
- Retail earnings in South Dakota have increased by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in South Dakota measure the average weekly earnings of employees in the retail trade industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and purchasing power, which are key indicators of the overall economic health and climate in South Dakota.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand consumer demand and make informed decisions about economic policy in South Dakota.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Retail Trade Earnings in South Dakota (SDERET), retrieved from FRED.