Professional and Technical Services Earnings in Oregon
OREPRO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,461,179.00
Year-over-Year Change
19.29%
Date Range
1/1/1998 - 1/1/2025
Summary
The Professional and Technical Services Earnings in Oregon trend measures average weekly earnings for workers in Oregon's professional, scientific, and technical services industries. This metric provides insight into compensation levels and economic activity in the state's high-skilled service 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 Professional and Technical Services Earnings in Oregon statistic tracks average weekly wages for occupations such as accounting, architecture, engineering, computer systems design, and scientific research. This data is used by policymakers and analysts to gauge labor market conditions and the relative competitiveness of Oregon's knowledge-based industries.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Trends in professional services earnings are closely watched for their implications on state tax revenues, consumer spending, and the broader economic health of Oregon.
Key Facts
- Oregon's professional services sector accounts for over 10% of the state's GDP.
- Average weekly earnings in Oregon's professional services industry are 40% higher than the state's overall private sector average.
- Wages in Oregon's professional services have grown by 5% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Professional and Technical Services Earnings in Oregon trend tracks average weekly wages for workers in Oregon's professional, scientific, and technical services industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels and economic activity in Oregon's high-skilled service sectors, which are important drivers of the state's overall economic health.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Trends in professional services earnings are closely watched for their implications on state tax revenues, consumer spending, and the broader economic health of Oregon.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Professional and Technical Services Earnings in Oregon (OREPRO), retrieved from FRED.