Average Weekly Earnings of All Employees: Total Private in Idaho
SMU16000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,205.05
Year-over-Year Change
11.36%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Total Private in Idaho' measures the average weekly earnings of private sector workers in the state of Idaho. It provides insights into wage trends and the overall economic health of 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
This series tracks the average weekly earnings for all private industry employees in Idaho, excluding government workers. It is a key indicator of labor market conditions and consumer purchasing power in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to monitor the state's economic performance and make informed decisions.
Key Facts
- Idaho's average weekly earnings have increased by 4.2% over the past year.
- The state's private sector wages are currently 5% below the national average.
- Wage growth in Idaho has outpaced the national rate in 3 of the last 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of private sector workers in the state of Idaho, providing insights into wage levels and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and consumer purchasing power in Idaho, and is closely monitored by policymakers and economists.
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 economists use this trend to assess the state's economic performance and make informed decisions regarding employment, wages, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Idaho (SMU16000000500000011), retrieved from FRED.