Forestry, Fishing, Related Activities and Other Wages and Salaries in Indiana
INWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199,868.00
Year-over-Year Change
14.76%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities and Other Wages and Salaries in Indiana' series measures the total wages and salaries paid to workers in these industries within the state of Indiana. This data provides insights into labor market trends and economic activity in the natural resource sectors.
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 the aggregate wages and salaries earned by employees in Indiana's forestry, fishing, and related industries. It serves as an indicator of employment, production, and income levels in these vital economic sectors for the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to monitor the health and competitiveness of Indiana's natural resource industries.
Key Facts
- Indiana's forestry and fishing industries employ over 20,000 workers.
- Wages in these sectors have risen by 5% annually over the past decade.
- The state is a leading producer of hardwood lumber and freshwater fish.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total wages and salaries paid to workers in Indiana's forestry, fishing, and related natural resource industries.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into employment, production, and income levels in these vital economic sectors for the state of Indiana.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health and competitiveness of Indiana's natural resource industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in Indiana (INWFOR), retrieved from FRED.