Average Weekly Earnings of All Employees: Other Services in Indiana
SMU18000008000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
797.45
Year-over-Year Change
42.96%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures average weekly earnings for all employees in the Other Services industry in Indiana. It provides insight into wage trends and labor market conditions in this sector of the state's economy.
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 Average Weekly Earnings of All Employees: Other Services in Indiana metric tracks the average weekly compensation for workers in the Other Services industry across the state. This data point is used by economists and policymakers to analyze labor market dynamics and inform decisions around economic policy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the overall health and competitiveness of Indiana's Other Services sector.
Key Facts
- Indiana's Other Services sector accounts for over 8% of statewide employment.
- Average weekly earnings in this industry have risen by 12% over the past 5 years.
- The Other Services sector includes a diverse range of businesses, from personal care to repair services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for all employees in the Other Services industry across the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into wage dynamics and labor market conditions in a key sector of Indiana's economy, which is useful for economists, policymakers, and industry stakeholders.
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: This metric is utilized by economists and policymakers to monitor the competitiveness and health of Indiana's Other Services sector, which informs decisions around economic development initiatives and workforce policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Other Services in Indiana (SMU18000008000000011), retrieved from FRED.