All Employees: Retail Trade in Missouri
Annual, Not Seasonally Adjusted
SMU29000004200000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
307.70
Year-over-Year Change
1.75%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the average weekly earnings of production and nonsupervisory employees on private nonfarm payrolls in the United States. This metric provides insights into labor market conditions and wage growth.
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 economic series represents the average hourly earnings of private sector production and nonsupervisory workers. It is a widely-watched indicator of worker compensation and a key input for analysis of inflation, consumer spending, and labor market dynamics.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the U.S. labor market and broader economic conditions.
Key Facts
- The average weekly earnings in the U.S. reached a record high of $1,129.13 in January 2023.
- Wages have increased by 4.8% over the past year, outpacing inflation.
- The manufacturing sector has seen the fastest wage growth among major industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production and nonsupervisory employees on private nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and wage growth, which are key factors for analyzing inflation, consumer spending, and the broader economic outlook.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the U.S. labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU29000004200000001A), retrieved from FRED.