Other Services (Except Public Administration) Wages and Salaries in Montana
MTWOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,109,852.00
Year-over-Year Change
24.98%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (Except Public Administration) Wages and Salaries in Montana' trend measures the average wages and salaries in the 'other services' sector, excluding public administration, for the state of Montana. This provides insight into economic conditions and income levels in a key part of Montana's private 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) Wages and Salaries in Montana' series tracks compensation in a diverse range of private service-providing industries in the state, including personal and laundry services, religious, civic, and professional organizations, and other miscellaneous services. This data is used by economists and policymakers to assess the health of Montana's non-governmental service economy.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding consumer spending power and the overall service sector dynamics in Montana.
Key Facts
- Montana's 'other services' sector accounts for over 6% of total state employment.
- Wages in this sector have increased by 25% in Montana over the past decade.
- The 'other services' industry has been a key driver of economic growth in Montana in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Other Services (Except Public Administration) Wages and Salaries in Montana' trend measures the average wages and salaries paid in the 'other services' sector, excluding public administration, for the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into compensation levels and economic conditions in an important part of Montana's private service industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health of Montana's non-governmental service sector and consumer spending power in the state.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the information is collected through surveys by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Other Services (Except Public Administration) Wages and Salaries in Montana (MTWOTH), retrieved from FRED.