Accommodation and Food Services Earnings in Indiana
INEACC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,209,288.00
Year-over-Year Change
15.96%
Date Range
1/1/1998 - 1/1/2025
Summary
The Accommodation and Food Services Earnings in Indiana measures the average hourly and weekly earnings of employees in the accommodation and food services industry within the state of Indiana.
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 provides insights into the compensation levels for workers in Indiana's hospitality and tourism sectors, which are important contributors to the state's economy. Economists and policymakers use this data to analyze industry trends and support evidence-based decision making.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This information is relevant for understanding labor market conditions and consumer spending patterns in Indiana.
Key Facts
- Indiana's accommodation and food services sector employs over 300,000 workers.
- Earnings in this industry have increased by 15% over the past 5 years.
- The average weekly earnings in this sector are lower than the state's overall private sector average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly and weekly earnings of employees working in the accommodation and food services industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into compensation levels and labor market conditions in a key sector of Indiana's economy, which is important for understanding consumer spending patterns and guiding economic policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this information to analyze industry trends and support evidence-based decision making related to the hospitality and tourism sectors in Indiana.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay in reporting.
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Citation
U.S. Federal Reserve, Accommodation and Food Services Earnings in Indiana (INEACC), retrieved from FRED.