Average Weekly Earnings of Production Employees: Other Services in Illinois
SMU17000008000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,048.78
Year-over-Year Change
7.19%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Weekly Earnings of Production Employees: Other Services in Illinois measure the average weekly earnings of production workers in the other services sector in Illinois. This metric provides insight into wage trends and labor market dynamics within this industry.
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 economic series tracks the average weekly earnings of production employees in the other services sector, which includes a diverse range of industries such as repair and maintenance, personal and laundry services, and religious, civic, and professional organizations. It is an important indicator of economic conditions and labor market health in Illinois.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to analyze the strength of the Illinois labor market and inform economic policy decisions.
Key Facts
- The average weekly earnings in the other services sector in Illinois was $930 as of the latest data.
- This metric has increased by 3.2% over the past year, indicating wage growth in the sector.
- The other services sector accounts for approximately 4% of total employment in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the other services sector in Illinois, providing insight into wage levels and labor market dynamics in this industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the economic conditions and labor market strength in Illinois, as the other services sector is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the Illinois labor market and inform economic policy decisions, such as workforce development initiatives or tax policies.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Other Services in Illinois (SMU17000008000000030), retrieved from FRED.