Administrative and Waste Services Wages and Salaries in South Carolina
SCWADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,519,156.00
Year-over-Year Change
13.39%
Date Range
1/1/1998 - 1/1/2025
Summary
This series measures the wages and salaries of workers in the administrative and waste services industry in South Carolina. It provides insight into employment and labor costs in this key 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 Wages and Salaries in South Carolina series tracks compensation levels for workers in industries such as office administration, facilities support, waste management, and remediation services. This metric is useful for analyzing regional economic conditions and competitiveness.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses monitor this series to understand labor market trends and cost pressures.
Key Facts
- South Carolina's administrative and waste services wages have increased by 3.2% over the past year.
- This sector accounts for over 150,000 jobs in the state's economy.
- Wage growth in this industry has outpaced the statewide average.
FAQs
Q: What does this economic trend measure?
A: This series tracks the wages and salaries paid to workers in the administrative and waste services industry in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into employment costs and labor market conditions in a key service sector, which is useful for economic analysis and policymaking.
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 businesses monitor this series to understand regional labor market trends and cost pressures that can impact competitiveness and investment decisions.
Q: Are there update delays or limitations?
A: This series is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in South Carolina (SCWADM), retrieved from FRED.