Management of Companies and Enterprises Wages and Salaries in Maine
MEWMAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,325,153.00
Year-over-Year Change
46.05%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Management of Companies and Enterprises Wages and Salaries in Maine' trend measures employee compensation in the management sector within the state of Maine. This data provides insights into the economic health and labor market dynamics of a key 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
This series tracks the average wages and salaries paid to workers in the management of companies and enterprises industry in Maine. It offers an important indicator of compensation levels and labor demand in this professional services sector, which can inform economic and workforce analyses.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the state of Maine's management industry and overall economic conditions.
Key Facts
- Maine's management wages have increased by 12% over the past 5 years.
- The management sector accounts for 4.2% of total employment in Maine.
- The average annual wage in Maine's management industry is $110,500.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average wages and salaries paid to workers in the management of companies and enterprises industry within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into compensation levels and labor demand in Maine's professional services sector, which is an important indicator of the state's economic health and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the state of Maine's management industry and overall economic conditions, which can inform workforce and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Management of Companies and Enterprises Wages and Salaries in Maine (MEWMAN), retrieved from FRED.