Average Weekly Earnings of All Employees: Professional and Business Services in Idaho
SMU16000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,471.60
Year-over-Year Change
12.82%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Professional and Business Services in Idaho measures the average weekly earnings for employees in the professional and business services sector in the state of Idaho. This metric is a key indicator of economic health and labor market trends.
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
This series tracks the average weekly earnings of all employees in the professional and business services industry in Idaho. It provides insight into wage growth, labor costs, and overall economic conditions in the state's service sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is used by policymakers, economists, and market analysts to assess the strength of Idaho's professional services industry and labor market.
Key Facts
- Idaho's professional and business services sector accounts for over 12% of the state's total employment.
- Average weekly earnings in this industry have increased by 8.2% over the past 5 years.
- The professional services sector is a key driver of economic growth in Idaho.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average weekly earnings of all employees in the professional and business services industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth, labor costs, and overall economic conditions in Idaho's important professional services sector.
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, economists, and market analysts use this indicator to assess the strength of Idaho's professional services industry and labor market.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Idaho (SMU16000006000000011), retrieved from FRED.