All Employees: Retail Trade in Illinois
Annual, Not Seasonally Adjusted
SMU17000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
572.20
Year-over-Year Change
-3.07%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures average weekly earnings for all private nonfarm employees in the United States. This metric is a key indicator of labor market conditions 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
This series tracks the average weekly earnings of private sector workers, providing insight into the overall health of the labor market and inflationary pressures. It is widely used by economists, policymakers, and investors to assess economic performance and guide decision-making.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers monitor this trend to inform decisions around monetary and fiscal policy.
Key Facts
- The average weekly earnings in the U.S. private sector were $1,173 in 2022.
- Wages have increased by 5.1% over the past year.
- The trend shows a steady rise in average earnings since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the average weekly earnings of private nonfarm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health of the labor market and inflationary pressures, making it a key indicator used by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to inform decisions around monetary and fiscal policy, as it reflects the strength of the labor market and wage growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU17000004200000001A), retrieved from FRED.