Annual
SMU72000007072100030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
364.35
Year-over-Year Change
21.68%
Date Range
1/1/2001 - 1/1/2012
Summary
The Annual trend measures the average annual pay in the Information sector of the U.S. economy. This metric is important for policymakers and economists to understand wage growth and labor market dynamics.
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 for all employees in the Information industry, which includes businesses in publishing, telecommunications, data processing, and other information services. This trend provides insight into income levels and changes in compensation within this key economic sector.
Methodology
The data is collected through surveys of employers and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is widely used by economists, policymakers, and market analysts to assess economic conditions and guide policy decisions.
Key Facts
- The average annual pay in the Information sector was $119,385 in 2021.
- Pay in the Information sector has grown faster than the overall U.S. average since 2010.
- The Information sector accounts for around 3% 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 Information sector of the U.S. economy, which includes industries like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into wage growth and labor market dynamics within a key economic sector, making it valuable for policymakers, economists, and market analysts.
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: The Annual trend is widely used by economists and policymakers to assess economic conditions and guide decisions on issues like employment, wages, and industry development.
Q: Are there update delays or limitations?
A: The Annual data is typically published with a 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual (SMU72000007072100030A), retrieved from FRED.