Administrative and Waste Services Wages and Salaries in Idaho
IDWADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,776,048.00
Year-over-Year Change
8.74%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Wages and Salaries in Idaho trend measures employee compensation in this sector, providing insights into labor market conditions and economic activity.
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 tracks wages and salaries paid to workers in the administrative and waste services industry in the state of Idaho. It is a key indicator of employment and productivity in this important service sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the health of Idaho's service economy and guide decisions on workforce development.
Key Facts
- Idaho's administrative and waste services sector employs over 50,000 workers.
- Wages in this industry have risen by 15% over the past 5 years.
- The sector accounts for 6% of Idaho's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers in the administrative and waste services industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into employment and labor market conditions in an important service sector, which is crucial for understanding Idaho's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of Idaho's service economy and guide decisions on workforce development programs and economic initiatives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Idaho (IDWADM), retrieved from FRED.