All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Missouri
Annual
SMU29000005552200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.80
Year-over-Year Change
-3.34%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual economic trend measures the total annual compensation for nonfarm business sector employees in the United States. This metric is a key indicator of labor market conditions and economic activity.
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 compensation, including wages and salaries as well as supplementary payments, for all employees in the nonfarm business sector. It provides insights into the overall health of the labor market and is used by economists and policymakers to assess economic performance.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions.
Key Facts
- The Annual trend reached a high of $65,843 in 2022.
- Compensation grew by 4.8% in 2022 compared to the previous year.
- The trend has shown steady growth since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual compensation, including wages and salaries as well as supplementary payments, for all employees in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall health of the labor market and is used by economists and policymakers to assess economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
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 policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU29000005552200001A), retrieved from FRED.