Annual
SMU72000005552000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
524.94
Year-over-Year Change
11.79%
Date Range
1/1/2001 - 1/1/2012
Summary
The Annual trend measures the average annual pay for all employees in the private sector in the United States. This key metric provides insights into national income and economic productivity.
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 Annual trend represents the average annual pay, which is calculated by dividing total annual wages and salaries by the average number of employees. It is a widely-used indicator of the overall health and direction of the U.S. labor market and broader economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor the Annual trend to assess economic growth, inflationary pressures, and the standard of living.
Key Facts
- The Annual trend reached a record high of $63,251 in 2021.
- Annual pay has increased by over 50% since 2000.
- The private sector accounts for approximately 85% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual pay for all employees in the private sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides important insights into national income, labor productivity, and the overall health of the U.S. job market.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Annual trend to assess economic growth, inflationary pressures, and the standard of living.
Q: Are there update delays or limitations?
A: The Annual trend data is published on a regular basis with minimal delays, providing timely insights into the U.S. labor market.
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Citation
U.S. Federal Reserve, Annual (SMU72000005552000030A), retrieved from FRED.