Average Hourly Earnings of Production Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Illinois
SMU17000004142400008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.22
Year-over-Year Change
-0.25%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly wages of production employees in the wholesale trade industry for nondurable goods in Illinois. It is an important indicator of labor market conditions and purchasing power in this key economic sector.
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 Hourly Earnings of Production Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Illinois trend provides insights into compensation levels for workers involved in the distribution and sale of non-perishable products within the state. This data is widely used by economists, policymakers, and industry analysts to assess workforce dynamics and inflationary pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding economic activity, labor market trends, and policy decisions related to the wholesale trade industry in Illinois.
Key Facts
- Illinois is a major center for wholesale trade in nondurable goods.
- Hourly wages in this sector can signal broader economic conditions.
- Trends in this data help inform policy decisions and business strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages of production employees in the wholesale trade industry for nondurable goods within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and purchasing power in a key economic sector, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to understand economic activity, labor market trends, and inform policy decisions related to the wholesale trade industry in Illinois.
Q: Are there update delays or limitations?
A: The data is subject to the survey and publication schedules of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Illinois (SMU17000004142400008), retrieved from FRED.