Average Weekly Earnings of All Employees: Other Services in Indiana
SMU18000008000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
601.72
Year-over-Year Change
20.91%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Other Services in Indiana' metric tracks the average weekly earnings for employees in the 'Other Services' industry sector within the state of Indiana. This data provides insight into income and labor market trends in a key part of the Indiana 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 'Other Services' industry category includes establishments engaged in activities such as equipment and machinery repair, religious organizations, dry cleaning, and personal care services. This data series is used by economists and policymakers to monitor the economic health and wage dynamics of this diverse service-oriented industry in Indiana.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Historical Context
This economic indicator helps inform state-level policy decisions and can signal broader trends in the Indiana services and labor markets.
Key Facts
- Indiana's 'Other Services' sector accounts for over 5% of the state's total employment.
- Average weekly earnings in this sector have risen by over 20% in the past decade.
- The 'Other Services' industry is an important component of Indiana's diverse economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings for all employees in the 'Other Services' industry sector within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into income and labor market trends in a key part of the Indiana economy, helping to inform state-level policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform state-level policy decisions and can signal broader trends in the Indiana services and labor markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Other Services in Indiana (SMU18000008000000011A), retrieved from FRED.