Average Weekly Earnings of Production Employees: Construction: Specialty Trade Contractors in Minnesota
Annual
SMU27000002023800030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,568.16
Year-over-Year Change
27.64%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the annual average of a seasonally adjusted economic series. It provides a longer-term perspective on economic trends and helps identify persistent patterns.
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 calculates the yearly average of a seasonally adjusted economic indicator, smoothing out month-to-month volatility. This metric is widely used by economists and policymakers to analyze broad economic conditions and forecast future performance.
Methodology
The Bureau of Labor Statistics collects the underlying data and applies seasonal adjustments before calculating the annual average.
Historical Context
Economists and market analysts closely monitor the Annual trend to contextualize economic policies and make informed decisions.
Key Facts
- The Annual trend provides a long-term view of economic conditions.
- Seasonally adjusted data is used to calculate the yearly average.
- Policymakers analyze the Annual trend to inform economic decision-making.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average of a seasonally adjusted economic indicator, providing a longer-term perspective on economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is widely used by economists and policymakers to analyze broad economic patterns and make informed decisions about policies and market strategies.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects the underlying data and applies seasonal adjustments before calculating the annual average.
Q: How is this trend used in economic policy?
A: Economists and market analysts closely monitor the Annual trend to contextualize economic policies and make informed decisions about the overall state of the economy.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a regular schedule, with potential delays or limitations depending on the underlying data sources.
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Citation
U.S. Federal Reserve, Annual (SMU27000002023800030A), retrieved from FRED.