Average Weekly Earnings of All Employees: Total Private in Louisiana
Annual
SMU22000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,047.55
Year-over-Year Change
35.41%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures total wages and salaries paid to employees on non-farm payrolls in the United States. It is a key indicator of economic activity and labor market 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
The Annual trend represents the total value of wages, salaries, bonuses, and other compensation paid to workers across all private non-farm industries in the U.S. It is used by economists and policymakers to assess the health of the labor market and broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Historical Context
The Annual trend informs decisions around monetary and fiscal policy, as well as analysis of consumer spending, inflation, and overall economic performance.
Key Facts
- Annual wages and salaries totaled over $10 trillion in 2022.
- The Annual trend has increased by over 50% in the past decade.
- Wages and salaries account for nearly two-thirds of total personal income in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total value of wages, salaries, bonuses, and other compensation paid to workers across all private non-farm industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of economic activity and labor market conditions, informing decisions around monetary and fiscal policy as well as analysis of consumer spending, inflation, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) program, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Annual trend is used by economists and policymakers to assess the health of the labor market and broader economy, informing decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a monthly basis with a typical delay of one to two months.
Related Trends
Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Louisiana
SMU22000003100000006A
Retail Trade Wages and Salaries in Louisiana
LAWRET
State Government Tax Collections, Property Taxes in Louisiana
LAPROPTAX
Personal Consumption Expenditures: Goods for Louisiana
LAPCEG
Initial Claims in Louisiana
LAICLAIMS
Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Louisiana
LAMVEHMANRGSP
Citation
U.S. Federal Reserve, Annual (SMU22000000500000011A), retrieved from FRED.