Average Weekly Earnings of Production Employees: Information in Utah
SMU49000005000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,380.12
Year-over-Year Change
-0.40%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the information industry in Utah. It provides insights into labor costs and market conditions in this key 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
The Average Weekly Earnings of Production Employees: Information in Utah is an important economic indicator that tracks the typical weekly earnings of workers in the information industry, which includes businesses engaged in publishing, telecommunications, data processing, and other information-related activities. This metric helps economists and policymakers assess labor market trends and cost pressures within Utah's information sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to monitor labor market dynamics and guide economic policies that impact the information industry in Utah.
Key Facts
- Utah's information sector accounts for over 6% of the state's total employment.
- Average weekly earnings in Utah's information industry have risen by 20% over the past decade.
- The information industry is a key driver of economic growth and innovation in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the information industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and market conditions within Utah's information sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor labor market dynamics and guide policies that impact the information industry in Utah.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Information in Utah (SMU49000005000000030), retrieved from FRED.