Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Alabama
SMU01000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
958.25
Year-over-Year Change
7.99%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities industries in Alabama. It provides insights into the labor market and cost of living in the state.
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 Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Alabama series tracks the average weekly pay for workers in key service-providing sectors. This metric is used by economists and policymakers to assess employment conditions, wage growth, and the overall health of the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by analysts to understand consumer spending power and inflationary pressures in Alabama.
Key Facts
- The series began in 1939.
- Alabama's trade, transportation, and utilities sector employs over 500,000 workers.
- Earnings in this sector have risen by 50% over the past 20 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities industries in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth, employment conditions, and consumer purchasing power in a key sector of Alabama's economy.
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: Economists and policymakers monitor this trend to understand inflationary pressures, consumer spending, and the overall health of Alabama's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insights into labor market conditions.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Alabama (SMU01000004000000011), retrieved from FRED.