Average Weekly Earnings of Production Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Minnesota
SMU27000005552200030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,264.34
Year-over-Year Change
12.66%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the financial activities sector, specifically in credit intermediation and related activities, including monetary authorities and central banks in Minnesota.
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 average weekly earnings data provides insights into labor costs and compensation trends in the financial services industry, which is a key driver of economic activity. This metric is used by economists and policymakers to assess the financial sector's health and employment conditions.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state of the financial services job market and can inform monetary policy and economic forecasting.
Key Facts
- The data is reported on a monthly basis.
- Minnesota is a major financial hub in the Midwest.
- Credit intermediation is a core function of the financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the financial activities sector, specifically in credit intermediation and related activities, including monetary authorities and central banks in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and compensation trends in the financial services industry, which is a key driver of economic activity. It is used by economists and policymakers to assess the financial sector's health and employment conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the state of the financial services job market and can inform monetary policy and economic forecasting.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, so there may be some update delays. The scope is limited to the financial activities sector in Minnesota.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Minnesota (SMU27000005552200030), retrieved from FRED.