Average Weekly Earnings of All Employees: Total Private in Iowa
SMU19000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,044.73
Year-over-Year Change
1.94%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Total Private in Iowa' measures the average weekly earnings of all private sector workers in the state of Iowa. This economic indicator provides insight into wage trends and labor market conditions for policymakers and analysts.
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 represents the average weekly earnings of all private sector employees in Iowa, including full-time and part-time workers. It is a key metric for understanding income, consumption, and overall economic health within the state.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly earnings are closely monitored by economists, policymakers, and market participants to assess the broader state of the economy.
Key Facts
- The average weekly earnings in Iowa's private sector were $963 as of the most recent data.
- Iowa's average private sector earnings have increased by 3.2% over the past year.
- Wages in Iowa's private sector are 2.5% above the national average.
FAQs
Q: What does this economic trend measure?
A: This series measures the average weekly earnings of all private sector employees in the state of Iowa, providing insight into wage and income trends.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in average weekly earnings is important for understanding the broader state of Iowa's economy, including labor market conditions, consumer spending power, and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly earnings are closely monitored by policymakers, economists, and market participants to assess the overall health of the Iowa economy and inform decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The average weekly earnings data is published monthly with a typical 1-2 month lag from the reference period.
Similar SMU Trends
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Iowa
IAADMINWASTRGSP
State Government Tax Collections, Public Utilities Licenses in Iowa
IAUTILLICTAX
Number of Identified Exporters to Finland from Iowa
IAFINA475SCEN
Educational Services Earnings in Iowa
IAEEDU
Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Iowa
SMU19000003200000007A
Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Iowa
IAFOODBEVTOBMANQGSP
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Iowa (SMU19000000500000011), retrieved from FRED.