Average Weekly Earnings of Production Employees: Retail Trade in Utah
SMU49000004200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
651.15
Year-over-Year Change
6.30%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Retail Trade in Utah measures the average weekly earnings for production workers in the retail trade industry within the state of Utah. This metric provides insight into the compensation levels and economic conditions in Utah's retail 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 economic indicator tracks the average weekly wages for production and non-supervisory employees in the retail trade industry across the state of Utah. It is a useful barometer for evaluating the financial health and labor market trends within Utah's retail sector.
Methodology
The data is collected through surveys of nonfarm establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the economic performance and labor market dynamics of Utah's retail industry.
Key Facts
- Utah's retail trade industry employs over 250,000 workers.
- The average weekly wage for retail production employees in Utah is $614.
- Retail trade accounts for 11% of Utah's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for production and non-supervisory employees in the retail trade industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the compensation levels and labor market conditions in Utah's retail sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of nonfarm establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic performance and labor market dynamics of Utah's retail industry, which informs decisions and policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Retail Trade in Utah (SMU49000004200000030), retrieved from FRED.