Average Weekly Earnings of All Employees: Other Services in Oregon
SMU41000008000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,005.43
Year-over-Year Change
65.29%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Other Services in Oregon measure the average weekly earnings for workers in the 'Other Services' industry in the state of Oregon. This metric provides insight into wage trends and labor market conditions in the service 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 'Other Services' industry includes establishments engaged in activities such as personal care services, religious organizations, and civic and professional associations. This economic indicator helps analysts and policymakers understand labor market dynamics and wage pressures in Oregon's service economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring trends in average weekly earnings can inform decisions related to economic policy, workforce development, and consumer spending.
Key Facts
- The series began in January 2007.
- Oregon's 'Other Services' industry accounts for around 3% of total state employment.
- Average weekly earnings in this sector reached a record high of $900 in 2022.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Other Services in Oregon measures the average weekly earnings for workers in the 'Other Services' industry in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage trends and labor market conditions in Oregon's service sector, which can inform economic policy, workforce development, and consumer spending decisions.
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: Monitoring trends in average weekly earnings can help policymakers and economists assess the health of the labor market and service industry in Oregon.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Other Services in Oregon (SMU41000008000000011A), retrieved from FRED.