All Employees: Retail Trade in Colorado
Annual, Not Seasonally Adjusted
SMU08000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
274.30
Year-over-Year Change
12.88%
Date Range
1/1/1990 - 1/1/2024
Summary
This data series measures the average annual pay in the U.S. non-farm private sector, not adjusted for seasonal variations. It provides important insights into the overall compensation trends and living standards of American workers.
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 annual, not seasonally adjusted average pay series represents the total annual wages and salaries paid to employees in the non-farm private sector, divided by the total number of employees. It is a key indicator of economic performance and living standards.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program run by the U.S. Bureau of Labor Statistics.
Historical Context
This data is closely watched by policymakers, economists, and market analysts to gauge the health of the U.S. labor market and broader economy.
Key Facts
- Average annual pay was $63,251 in 2021.
- Pay has increased by 4.9% annually on average over the past decade.
- The series covers approximately 130 million U.S. private sector workers.
FAQs
Q: What does this economic trend measure?
A: This data series measures the average annual pay in the U.S. non-farm private sector, not adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall compensation trends and living standards of American workers, which is closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program run by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This data is used by policymakers, economists, and market analysts to gauge the health of the U.S. labor market and broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a several month lag, and does not account for seasonal variations in employment and pay.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU08000004200000001A), retrieved from FRED.