Average Weekly Earnings of All Employees: Other Services in Alabama
SMU01000008000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
875.34
Year-over-Year Change
-1.60%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Other Services in Alabama metric tracks changes in weekly wages for non-government workers in the Other Services industry sector within the state.
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 series provides insight into labor market conditions and economic trends in Alabama's Other Services sector, which includes a diverse range of personal and professional services outside of traditional industries.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this metric to assess the health of Alabama's service-based economy.
Key Facts
- Alabama's Other Services sector includes industries like repair, personal care, and religious organizations.
- Weekly earnings in Alabama's Other Services sector have risen by over 20% since 2015.
- The Other Services industry accounts for about 4% of total employment in Alabama.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of all employees in Alabama's Other Services industry sector, which includes a diverse range of personal and professional service-based businesses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into labor market conditions and economic trends within Alabama's service-based economy, which is an important component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the health of Alabama's service sector and inform decisions related to economic development, workforce, and industry regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Other Services in Alabama (SMU01000008000000011), retrieved from FRED.