Average Weekly Earnings of All Employees: Information in Tennessee
SMU47000005000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,642.88
Year-over-Year Change
9.78%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Information trend measures the average weekly earnings for all employees in the information industry in Tennessee. This metric is a key indicator of labor market conditions and consumer purchasing power in the state.
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 tracks the average weekly earnings for all employees in the information industry, which includes publishing, telecommunications, data processing, and other technology-related sectors. It is used by economists and policymakers to assess trends in worker compensation and the overall strength of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring changes in average weekly earnings helps inform decisions around economic and workforce policies in Tennessee.
Key Facts
- Tennessee's information industry employs over 100,000 workers.
- Average weekly earnings in the information sector are 35% higher than the statewide average.
- Earnings in this industry have grown by 4% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Information trend measures the average weekly earnings for all employees in the information industry in Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and consumer purchasing power in Tennessee's information technology and communications sectors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring changes in average weekly earnings helps inform decisions around economic and workforce policies in Tennessee.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Information in Tennessee (SMU47000005000000011), retrieved from FRED.