Average Weekly Hours of All Employees: Manufacturing in Idaho
Annual
SMU16000003000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.10
Year-over-Year Change
-3.79%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the average yearly earnings per worker in the United States. It is a key indicator of economic health and wage growth.
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 Trend tracks the average annual earnings of all workers in the United States. It provides a high-level view of broader wage trends and is used by economists and policymakers to assess the strength of the labor market and overall economic conditions.
Methodology
The data is collected through surveys of employers and households by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual Trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The average annual wage in the U.S. was $55,322 in 2021.
- Annual wage growth has averaged 3.7% over the past decade.
- Real (inflation-adjusted) wages have grown by 18% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the average yearly earnings per worker in the United States. It provides a high-level view of broader wage trends.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of economic health and labor market strength, and is closely monitored by economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual Trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual Trend data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU16000003000000002A), retrieved from FRED.