Average Weekly Earnings of All Employees: Manufacturing in Massachusetts
Annual
SMU25000003000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,490.90
Year-over-Year Change
35.28%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the total annual earnings for all employees in the United States. It is a key economic indicator used by policymakers and analysts to gauge the overall health and growth of the labor market.
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 annual compensation paid to U.S. employees, including wages, salaries, bonuses, and other forms of remuneration. It is a broad measure of labor income and a foundational metric for understanding consumer spending, inflation, and economic productivity.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Total annual U.S. employee earnings exceeded $10 trillion in 2021.
- Wages and salaries account for over 70% of total annual labor income.
- Annual earnings growth has averaged 4-5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual compensation paid to all employees in the United States, including wages, salaries, and other forms of remuneration.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of the overall health and growth of the U.S. labor market, and it provides important insights into consumer spending, inflation, and economic productivity.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a 2-3 month lag, and it may be subject to revisions as more complete information becomes available.
Related Trends
Real Gross Domestic Product: Private Goods-Producing Industries in Massachusetts
MAPRIGOODPRORGSP
Estimate of Median Household Income for Massachusetts
MHIMA25000A052NCEN
Real Gross Domestic Product: Truck Transportation (484) in Massachusetts
MATRUCKTRANRGSP
Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Massachusetts
MARENTNGSP
Per Capita Personal Consumption Expenditures: Services: Health Care for Massachusetts
MAPCEPCHLTHCARE
Gross Domestic Product: Natural Resources and Mining (11, 21) in Massachusetts
MANATRESMINNGSP
Citation
U.S. Federal Reserve, Annual (SMU25000003000000011A), retrieved from FRED.