Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Maine
SMU23000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
891.94
Year-over-Year Change
3.71%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Maine' tracks the average weekly wages for workers in the trade, transportation, and utilities sector in Maine. This metric is an important economic indicator for analyzing employment and consumer spending 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 weekly earnings of all employees in the trade, transportation, and utilities industry in the state of Maine. It provides insight into income, productivity, and purchasing power trends within this key economic 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, analysts, and businesses to gauge the health and outlook of Maine's trade, transportation, and utilities industries.
Key Facts
- Maine's trade, transportation, and utilities sector employs over 145,000 workers.
- Average weekly earnings in this sector have increased by 12% over the past 5 years.
- The trade, transportation, and utilities industry accounts for nearly 20% of Maine's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into income, productivity, and spending power trends within a key economic sector in Maine, which is useful for policymakers, businesses, and economic analysts.
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: This economic indicator is used by policymakers, analysts, and businesses to gauge the health and outlook of Maine's trade, transportation, and utilities industries, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks between the end of the reference period and the release of the data, and the data is subject to revision.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Maine (SMU23000004000000011), retrieved from FRED.