Other Services (except Public Administration) Earnings in Maine
MEEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,152,075.00
Year-over-Year Change
20.01%
Date Range
1/1/1998 - 1/1/2025
Summary
The Other Services (except Public Administration) Earnings in Maine trend measures average weekly earnings for workers in the 'other services' industry sector in the state of Maine. This data is important for economists and policymakers to understand the economic conditions and wage trends in this key service industry.
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 Other Services (except Public Administration) Earnings in Maine metric tracks the average weekly earnings of employees in industries such as repair and maintenance, personal and laundry services, and religious, civic, and professional organizations. This provides insight into compensation levels and cost-of-living factors for a significant portion of Maine's workforce.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in other services earnings can inform decisions around economic development, consumer spending, and labor market policies in Maine.
Key Facts
- Maine's other services sector accounts for over 6% of total state employment.
- Other services earnings in Maine have increased by 25% over the past decade.
- The 'other services' industry includes a diverse range of businesses, from auto repair to personal care.
FAQs
Q: What does this economic trend measure?
A: The Other Services (except Public Administration) Earnings in Maine trend measures the average weekly earnings of workers in industries like repair, personal services, and religious/civic organizations in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insight into compensation levels and economic conditions within a significant service industry sector in Maine, which can inform decisions around labor markets, consumer spending, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in other services earnings can inform decisions around economic development, consumer spending, and labor market policies in Maine.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential sampling limitations of the Bureau of Labor Statistics surveys.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Maine (MEEOTH), retrieved from FRED.