Average Hourly Earnings of All Employees: Total Private in Montana
SMU30000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.09
Year-over-Year Change
3.42%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Total Private in Montana' tracks the average hourly wage for private sector workers in the state of Montana. This metric is a key indicator of labor market conditions and wage growth.
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 economic trend represents the average hourly earnings for all private sector employees in Montana. It is a useful indicator of the overall strength of the state's labor market and can provide insights into inflationary pressures and consumer purchasing power.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This wage data is closely monitored by policymakers, economists, and businesses to inform decisions on monetary policy, hiring, and investment.
Key Facts
- Montana's private sector wages have risen by 3.2% over the past year.
- The current average hourly wage in Montana is $27.15.
- Wage growth has outpaced inflation in the state over the past 6 months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage earned by private sector employees in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This wage data provides insights into the strength of Montana's labor market and can inform decisions on hiring, investment, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this wage data to understand inflationary pressures and consumer purchasing power in Montana.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Montana (SMU30000000500000003), retrieved from FRED.