Administrative and Waste Services Earnings in North Carolina
NCEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,555,884.00
Year-over-Year Change
15.61%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures average hourly earnings in the administrative and waste services industry in North Carolina. It provides insights into labor costs and productivity in this important service 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
The Administrative and Waste Services Earnings in North Carolina series tracks the average hourly wage for workers in industries like office administration, facilities support, waste collection, and remediation services. This metric helps analysts and policymakers understand compensation trends and cost pressures in North Carolina's service economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in administrative and waste services earnings are monitored by economists, investors, and government officials to assess the state's business climate and economic competitiveness.
Key Facts
- North Carolina's administrative and waste services industry employs over 300,000 workers.
- Average hourly earnings in this sector were $19.25 as of the latest data.
- Earnings growth has lagged the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in administrative and waste services industries in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Trends in administrative and waste services earnings provide insights into labor costs and productivity in an important service sector of North Carolina's economy.
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: Policymakers and economists monitor this trend to assess North Carolina's business climate and economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be lags of several weeks before the latest figures are released.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in North Carolina (NCEADM), retrieved from FRED.