Average Weekly Earnings of All Employees: Total Private in Florida
SMU12000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,180.94
Year-over-Year Change
7.01%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Total Private in Florida tracks the average weekly earnings of private sector workers in the state. This metric provides valuable insights into the strength and trends of Florida's labor market and economy.
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
This economic indicator represents the average weekly earnings for all private sector employees in the state of Florida. It is a key statistic used by economists and policymakers to analyze Florida's economic performance, wage growth, and standard of living.
Methodology
The data is collected through surveys of private sector employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in Florida's average weekly earnings are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Florida's average weekly earnings reached a record high of $1,096 in December 2022.
- Earnings have increased by 7.2% over the past year, outpacing the national average.
- The service sector accounts for the largest share of private employment in Florida.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all private sector employees in the state of Florida. It provides insight into wage levels and trends in the state's labor market.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in Florida's average weekly earnings is crucial for understanding the state's economic performance, consumer spending power, and overall standard of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in Florida's average weekly earnings are closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months. There may be revisions to previous estimates as more complete information becomes available.
Related Trends
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NEWLISCOUYYFL
Monthly State Retail Sales: Food and Beverage Stores in Florida
MSRSFL445
Transportation and Warehousing Earnings in Florida
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Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Florida
FLPROBUSNQGSP
Real Gross Domestic Product: Wholesale Trade (42) in Florida
FLWHOLERQGSP
Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Florida
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Florida (SMU12000000500000011), retrieved from FRED.