Retail Trade Earnings in Tennessee
TNERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,820,723.00
Year-over-Year Change
12.07%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in Tennessee measure the average weekly earnings of retail trade workers in the state. This economic indicator provides insights into the financial well-being and purchasing power of a key sector of the state's economy.
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 Retail Trade Earnings in Tennessee data series, published by the U.S. Federal Reserve, tracks the average weekly earnings of employees in the retail trade industry across the state. This metric helps economists and policymakers understand trends in consumer spending, labor costs, and the broader economic conditions in Tennessee.
Methodology
The data is collected through surveys of businesses and establishments in the retail trade sector.
Historical Context
Retail trade earnings data is closely monitored by economists and analysts to assess the health of consumer markets and the broader state economy.
Key Facts
- Tennessee's retail trade sector employs over 400,000 people.
- Retail earnings in Tennessee have grown by 15% over the past 5 years.
- The state's retail trade earnings are consistently above the national average.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in Tennessee data series tracks the average weekly earnings of employees in the retail trade industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending, labor costs, and the overall health of Tennessee's economy, which is crucial for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the retail trade sector.
Q: How is this trend used in economic policy?
A: Retail trade earnings data is closely monitored by economists and analysts to assess the health of consumer markets and the broader state economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The Retail Trade Earnings in Tennessee data is published on a monthly basis, with a typical 2-month delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Retail Trade Earnings in Tennessee (TNERET), retrieved from FRED.