Average Weekly Earnings of All Employees: Information in Utah
SMU49000005000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,672.34
Year-over-Year Change
94.27%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Information in Utah metric tracks the average weekly earnings for all employees in the information sector within the state of Utah. This data point is a key indicator of economic conditions and worker productivity in Utah's information industry.
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 data series measures the average weekly earnings of all employees, including both full-time and part-time workers, in the information sector within the state of Utah. The information sector encompasses industries such as publishing, telecommunications, data processing, and other information-related services. Tracking this metric helps economists and policymakers understand trends in worker compensation and industry performance.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This information sector earnings data is used by economists, businesses, and policymakers to analyze Utah's economic conditions and labor market trends.
Key Facts
- Utah's information sector employs over 50,000 workers.
- Average weekly earnings in Utah's information sector are higher than the national average.
- The information sector accounts for over 5% of Utah's total employment.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average weekly earnings of all employees, both full-time and part-time, working in the information sector within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Tracking average weekly earnings in Utah's information sector provides insight into worker compensation and productivity in this important industry, which is crucial for understanding the state's overall economic conditions.
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: Economists, businesses, and policymakers use this information sector earnings data to analyze Utah's labor market trends and inform economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Information in Utah (SMU49000005000000011A), retrieved from FRED.