All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Illinois
Annual, Not Seasonally Adjusted
SMU17000004300000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
350.10
Year-over-Year Change
32.11%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures average hourly earnings for all employees in the government sector in the United States. This metric is a key indicator of labor costs and economic conditions.
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 economic trend represents the average hourly wage paid to government employees in the U.S. It is an important measure of labor market trends and can provide insights into the public sector's contribution to the overall economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor government sector wages to understand public spending and the broader economic environment.
Key Facts
- The annual average government wage was $29.01 in 2022.
- Government wages have risen by 3.2% annually on average over the past decade.
- The public sector accounts for approximately 15% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in the government sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: Government sector wages are an important indicator of labor market conditions and public sector economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor government sector wages to understand public spending and the broader economic environment.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
Related Trends
Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Illinois
ILRERENTLEARQGSP
State Government Tax Collections, Corporation Net Income Taxes in Illinois
ILCORPINCTX
Value of Exports to Mexico from Illinois
ILMEXA052SCEN
Average Hourly Earnings of Production Employees: Information in Illinois
SMU17000005000000008A
Average Weekly Earnings of All Employees: Information in Illinois
SMU17000005000000011A
State Tax Collections: T99 Taxes, Not Elsewhere Classified for Illinois
QTAXT99QTAXCAT3ILNO
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU17000004300000001A), retrieved from FRED.