Utilities Wages and Salaries in Indiana
INWUTI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,623,564.00
Year-over-Year Change
10.69%
Date Range
1/1/1998 - 1/1/2025
Summary
The Utilities Wages and Salaries in Indiana trend measures the average earnings of workers in the utilities industry within the state of Indiana. This metric is important for economists and policymakers to assess labor market conditions and cost pressures in a key sector of the state's economy.
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
The Utilities Wages and Salaries in Indiana series tracks the average hourly and weekly earnings of employees in industries related to electricity, natural gas, water, and sewage services across the state. This data provides insight into compensation levels and trends for a capital-intensive sector that is vital to Indiana's infrastructure and economic activity.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Utilities wages and salaries data help inform decisions around utility rates, industry regulation, and regional economic development policies.
Key Facts
- Indiana's utilities wages averaged $36.40 per hour in 2022.
- Utilities earnings in Indiana are 23% higher than the national average.
- The utilities sector employs over 20,000 workers in Indiana.
FAQs
Q: What does this economic trend measure?
A: The Utilities Wages and Salaries in Indiana trend measures the average hourly and weekly earnings of employees in utilities-related industries across the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into compensation levels and labor market conditions in a key infrastructure sector of Indiana's economy, which is relevant for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Utilities wages and salaries data help inform decisions around utility rates, industry regulation, and regional economic development policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Utilities Wages and Salaries in Indiana (INWUTI), retrieved from FRED.