Average Hourly Earnings of All Employees: Leisure and Hospitality in Indiana
SMU18000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.17
Year-over-Year Change
6.92%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the leisure and hospitality industry in Indiana. It provides insights into wage dynamics and worker compensation within this sector.
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 Average Hourly Earnings of All Employees: Leisure and Hospitality in Indiana series tracks the typical hourly wage for workers in the leisure and hospitality industry across the state. This metric is used by economists and policymakers to gauge employment costs, inflationary pressures, and the overall health of the service sector.
Methodology
The data is collected through surveys of private establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding labor market conditions and consumer spending patterns in Indiana.
Key Facts
- Indiana's leisure and hospitality sector employs over 300,000 workers.
- Average hourly earnings in this industry are typically lower than the statewide average.
- Wage growth in leisure and hospitality has outpaced the overall state average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the leisure and hospitality industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and wage dynamics within a key service sector, which is important for understanding consumer spending patterns and the overall health of the Indiana economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to gauge employment costs, inflationary pressures, and the overall performance of the leisure and hospitality industry in Indiana.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in Indiana (SMU18000007000000003), retrieved from FRED.