Information Earnings in North Carolina
NCEINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,677,738.00
Year-over-Year Change
24.37%
Date Range
1/1/1998 - 1/1/2025
Summary
The Information Earnings in North Carolina trend measures average weekly earnings for workers in the information industry sector in North Carolina. This metric is important for economists and policymakers to assess the economic health and competitiveness of the state's technology and media sectors.
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 Information Earnings in North Carolina trend tracks the average weekly pay for employees in industries such as publishing, telecommunications, software, and data processing within the state. This data provides insight into the compensation levels and economic conditions of North Carolina's information sector.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program administered by the U.S. Bureau of Labor Statistics.
Historical Context
Information sector earnings are a key indicator of a state's economic diversification and innovation capacity.
Key Facts
- North Carolina's information sector accounts for over 3% of total state employment.
- Average weekly information earnings in North Carolina are 20% higher than the statewide average.
- Information earnings have grown 5% annually in North Carolina over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Information Earnings in North Carolina trend measures the average weekly wages paid to workers in the state's information industry sector, including fields like publishing, telecommunications, and software.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the compensation levels and economic conditions of North Carolina's technology and media industries, which are important drivers of the state's economic growth and diversification.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Information sector earnings are a key indicator of a state's economic diversification and innovation capacity, making this trend useful for policymakers and economists analyzing North Carolina's economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Information Earnings in North Carolina (NCEINF), retrieved from FRED.