Average Weekly Earnings of All Employees: Total Private in South Dakota
SMU46000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,034.84
Year-over-Year Change
1.61%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Total Private in South Dakota' measures the average weekly earnings of private sector workers in South Dakota. This key economic indicator provides insights into the state's labor market conditions and wage trends.
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 series tracks the average weekly earnings of all private sector employees in South Dakota, including full-time and part-time workers. It is a valuable metric for economists and policymakers to assess the financial well-being of workers and the overall health of the state's economy.
Methodology
The data is collected through surveys of private employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by analysts and policymakers to monitor the purchasing power of South Dakota workers and inform economic and labor market policies.
Key Facts
- South Dakota's average weekly earnings are typically higher than the national average.
- The earnings trend has shown steady growth over the past decade.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all private sector employees in South Dakota, including full-time and part-time workers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the financial well-being of South Dakota workers and the overall health of the state's labor market, which is crucial information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by analysts and policymakers to monitor the purchasing power of South Dakota workers and inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in South Dakota (SMU46000000500000011), retrieved from FRED.