Average Weekly Earnings of All Employees: Total Private in North Dakota
Annual
SMU38000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,192.58
Year-over-Year Change
49.91%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the average yearly change in total employment across industries in a given metropolitan area. It is a key indicator of regional economic performance and a critical data point for policymakers and analysts.
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 tracks the year-over-year change in total employment in a specific metropolitan statistical area (MSA). This metric provides insight into the overall health and growth of a regional economy, reflecting factors like business expansion, workforce dynamics, and consumer demand.
Methodology
The data is collected through surveys of employers and households by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use the Annual Trend to assess the vitality of local job markets and inform decisions around economic development, workforce planning, and regional competitiveness.
Key Facts
- The Annual Trend is reported monthly for over 380 metropolitan areas in the United States.
- Year-over-year changes in the Annual Trend can signal shifts in a region's economic fortunes.
- Steady positive growth in the Annual Trend indicates a healthy, expanding local job market.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the average year-over-year change in total employment across all industries within a given metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend provides critical insight into the overall health and growth of a regional economy, which is vital information for policymakers, businesses, and workforce planners.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Annual Trend to assess the vitality of local job markets and inform decisions around economic development, workforce planning, and regional competitiveness.
Q: Are there update delays or limitations?
A: The Annual Trend is reported monthly with a short delay, providing timely data on regional employment conditions.
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Citation
U.S. Federal Reserve, Annual (SMU38000000500000011A), retrieved from FRED.