All Employees: Goods Producing in Florida
Annual, Not Seasonally Adjusted
SMU12000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,085.30
Year-over-Year Change
62.86%
Date Range
1/1/1990 - 1/1/2024
Summary
This annual, not seasonally adjusted series represents total wages and salaries in the United States. It is a key indicator of economic growth and consumer purchasing power.
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 total wages and salaries series tracks the aggregate income earned by U.S. workers. It is a broad measure of economic activity and an important input for policymakers and analysts studying employment, inflation, and consumer trends.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This series is widely used to assess the health of the U.S. labor market and consumer sector.
Key Facts
- Annual data goes back to 1947.
- Wages and salaries account for over 50% of U.S. GDP.
- The series experienced significant declines during recessions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total wages and salaries earned by workers in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Total wages and salaries is a key indicator of consumer purchasing power and economic growth, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This series is widely used to assess the health of the U.S. labor market and consumer sector, which are crucial inputs for economic policymaking.
Q: Are there update delays or limitations?
A: The annual data is published with a delay of several months after the end of the reference year.
Related Trends
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FLNDURMANQQGSP
Implicit Regional Price Deflator for Florida
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FLPCEHLTHCARE
State Government Tax Collections, Public Utilities Licenses in Florida
FLUTILLICTAX
Average Weekly Hours of All Employees: Financial Activities in Florida
SMU12000005500000002
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Florida
FLGOVQQGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU12000000600000001A), retrieved from FRED.