Mining Wages and Salaries in Indiana
INWMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
402,934.00
Year-over-Year Change
9.27%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Mining Wages and Salaries in Indiana' economic trend measures the average earnings of workers in the mining industry within the state of Indiana. This data provides insight into labor market conditions and economic activity in a key 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
This series tracks the average hourly and weekly wages and salaries for employees in the mining industry across Indiana. It is an important indicator of labor market dynamics and the overall health of the state's extractive industries.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Mining wage data is closely monitored by policymakers and market analysts to assess the broader economic conditions in Indiana.
Key Facts
- Mining is a major industry in Indiana, accounting for over 10,000 jobs.
- Indiana's mining wages have remained relatively stable over the past decade.
- Mining wages in Indiana are typically higher than the state's average private sector wages.
FAQs
Q: What does this economic trend measure?
A: The 'Mining Wages and Salaries in Indiana' series tracks the average hourly and weekly earnings of workers employed in the mining industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market conditions and economic activity in a key sector of Indiana's economy, which is closely watched by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Mining wage data is closely monitored by policymakers and market analysts to assess the broader economic conditions in Indiana.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Mining Wages and Salaries in Indiana (INWMIN), retrieved from FRED.