Average Weekly Earnings of All Employees: Other Services in Pennsylvania
SMU42000008000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
817.64
Year-over-Year Change
1.22%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Other Services in Pennsylvania trend measures the average weekly earnings for workers in the other services industry in Pennsylvania. This metric is a key indicator of economic conditions and labor market trends in 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 data series tracks the average weekly earnings for all employees in the other services industry in Pennsylvania. The other services sector includes a diverse range of businesses such as repair and maintenance, personal and laundry services, and religious, civic, and professional organizations. This metric provides insight into wage growth and labor market dynamics within this important component of the Pennsylvania economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policy analysts and economists use this trend to assess the health of Pennsylvania's service sector and make informed decisions about economic and workforce development initiatives.
Key Facts
- The other services sector accounts for approximately 4% of Pennsylvania's total employment.
- Average weekly earnings in the other services industry in Pennsylvania have increased by 12% over the past 5 years.
- Pennsylvania's other services sector experienced a 5% decline in employment during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Other Services in Pennsylvania trend measures the average weekly earnings for workers in the other services industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into wage growth and labor market dynamics within an important component of Pennsylvania's service sector economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policy analysts and economists use this trend to assess the health of Pennsylvania's service sector and make informed decisions about economic and workforce development initiatives.
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, Average Weekly Earnings of All Employees: Other Services in Pennsylvania (SMU42000008000000011), retrieved from FRED.