Average Weekly Earnings of All Employees: Financial Activities in Connecticut
SMU09000005500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,261.62
Year-over-Year Change
6.21%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the financial activities sector in Connecticut. It provides insights into wage dynamics and economic conditions in this crucial industry.
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: Financial Activities in Connecticut tracks the average weekly pay for workers in Connecticut's financial services, insurance, and real estate industries. This data point is used by economists and policymakers to analyze labor market trends and assess the financial health of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by investors, businesses, and government officials to gauge the strength of Connecticut's finance-driven economy.
Key Facts
- Connecticut is a major hub for financial services in the U.S.
- The financial activities sector accounts for a significant portion of the state's GDP.
- Wage trends in this industry provide insight into the broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the financial activities sector in the state of Connecticut. It captures wage levels in industries like finance, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market dynamics and the overall health of Connecticut's finance-driven economy. It provides insight into the compensation levels in a crucial industry for the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge the strength of Connecticut's finance sector and make informed decisions about economic policy, investments, and regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month. There may be seasonal adjustments and revisions to previous months' figures.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Connecticut (SMU09000005500000011), retrieved from FRED.