Average Hourly Earnings of All Employees: Leisure and Hospitality in Idaho
SMU16000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.11
Year-over-Year Change
5.29%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Leisure and Hospitality in Idaho' metric tracks the average hourly wages for workers in the leisure and hospitality sector within the state of Idaho. This data point is relevant for economists and policymakers monitoring 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 measures the average hourly earnings for all employees in the leisure and hospitality industry in Idaho. It provides insight into wage dynamics and can be used to assess the relative competitiveness of this sector compared to other industries or regions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to understand labor market conditions and make informed decisions about economic and workforce development strategies.
Key Facts
- Leisure and hospitality is a key sector in Idaho's economy.
- Wages in this sector can signal the state's competitiveness for tourism and service industry jobs.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly earnings for all employees in the leisure and hospitality industry within the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into wage dynamics in a key sector of Idaho's economy and can be used to assess the state's competitiveness for tourism and service industry jobs.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments 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 understand labor market conditions and make informed decisions about economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics with no significant delays.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in Idaho (SMU16000007000000003), retrieved from FRED.