Average Weekly Earnings of All Employees: Financial Activities in Tennessee
SMU47000005500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,421.68
Year-over-Year Change
-0.87%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Financial Activities in Tennessee metric tracks changes in wages and salaries for the financial services industry in the state. This economic indicator provides insights into the labor market and spending power within Tennessee's financial sector.
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 measures the average weekly earnings of all employees in the financial activities sector for the state of Tennessee. It is used by economists and policymakers to assess trends in compensation, labor costs, and consumer spending power within the state's financial industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to understand the financial health and economic conditions within Tennessee.
Key Facts
- The data is reported on a monthly basis.
- Tennessee's financial activities sector accounts for about 5% of the state's total employment.
- Wages in the financial industry tend to be higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of all employees in the financial activities sector for the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and consumer spending power within Tennessee's financial industry, which is an important component of the state's economy.
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: Policymakers and analysts monitor this trend to understand the financial health and economic conditions within Tennessee, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, so there may be a short delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Tennessee (SMU47000005500000011), retrieved from FRED.