Average Weekly Earnings of Production Employees: Wholesale Trade in Utah
SMU49000004100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,247.92
Year-over-Year Change
7.51%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Weekly Earnings of Production Employees: Wholesale Trade in Utah is an important economic indicator that measures the average weekly earnings of production workers in the wholesale trade industry in Utah. This metric provides insights into 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 production and nonsupervisory employees in the wholesale trade sector of the Utah economy. It is a key statistic used by economists and policymakers to assess labor market dynamics and inflationary pressures.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Utah's wholesale trade sector employs over 50,000 workers.
- Average weekly earnings in Utah's wholesale trade industry are higher than the national average.
- The wholesale trade industry is a significant contributor to Utah's economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production and nonsupervisory employees in the wholesale trade sector of the Utah economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and wage trends in the wholesale trade industry, which is a key sector of the Utah economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly earnings are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Wholesale Trade in Utah (SMU49000004100000030), retrieved from FRED.