Retail Trade Earnings in Washington
WAERET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,019,114.00
Year-over-Year Change
14.23%
Date Range
1/1/1998 - 1/1/2025
Summary
The Retail Trade Earnings in Washington trend measures average weekly earnings for retail trade workers in the state of Washington. This data is crucial for understanding consumer spending and economic activity in the region.
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 metric tracks changes in the average weekly earnings of retail industry employees in Washington. It provides insights into labor costs, purchasing power, and overall economic conditions for this key sector.
Methodology
The data is collected through surveys of Washington-based businesses in the retail trade industry.
Historical Context
Retail earnings data is widely used by economists, policymakers, and market analysts to monitor consumer demand and the health of the regional economy.
Key Facts
- Washington is the 13th largest state economy in the U.S.
- Retail trade accounts for over 10% of employment in Washington.
- Retail earnings have grown by 20% in Washington over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Earnings in Washington trend measures the average weekly earnings of retail industry employees in the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending power, labor costs, and the overall health of the regional economy in Washington.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the retail trade industry located in Washington.
Q: How is this trend used in economic policy?
A: Retail earnings data is widely used by economists, policymakers, and market analysts to monitor consumer demand and guide economic decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Retail Trade Earnings in Washington (WAERET), retrieved from FRED.