Other Services (except Public Administration) Earnings in North Carolina
NCEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,021,909.00
Year-over-Year Change
19.96%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in North Carolina' series measures average hourly earnings for the other services sector, excluding public administration, in the state of North Carolina. This metric provides insight into wage trends for a diverse set of service-based industries within the state's economy.
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 sector covers a wide range of economic activities not classified elsewhere, such as personal services, religious organizations, and repair and maintenance. Tracking earnings in this sector helps economists and policymakers understand broader service industry dynamics and the financial well-being of workers in North Carolina.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess North Carolina's service sector labor market conditions and cost-of-living pressures.
Key Facts
- North Carolina's other services sector accounts for over 6% of the state's total employment.
- Average hourly earnings in this sector have grown by 15% over the past 5 years.
- The other services sector includes industries like personal care, death care, and religious organizations.
FAQs
Q: What does this economic trend measure?
A: This trend measures average hourly earnings for the other services sector, excluding public administration, in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Tracking earnings in the other services sector helps economists and policymakers understand broader service industry dynamics and the financial well-being of workers in North Carolina.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess North Carolina's service sector labor market conditions and cost-of-living pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in North Carolina (NCEOTH), retrieved from FRED.