Average Hourly Earnings of All Employees: Financial Activities in Missouri
SMU29000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.99
Year-over-Year Change
12.24%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Financial Activities in Missouri is an economic indicator that measures the average hourly wage for workers in the financial sector within the state of Missouri. This metric is important for economists and policymakers to gauge labor market conditions and inflationary pressures.
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 tracks the average hourly earnings for all employees, including both full-time and part-time workers, in the financial activities industry in the state of Missouri. It is a key data point used to analyze trends in labor costs, wage growth, and the overall health of the state's financial sector.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to assess the economic conditions in Missouri and inform decisions around monetary and fiscal policy.
Key Facts
- Missouri's financial activities sector accounts for over 5% of the state's total employment.
- Hourly earnings in Missouri's financial sector have grown by 20% over the past decade.
- The financial activities industry is a major contributor to Missouri's GDP, generating over $30 billion annually.
FAQs
Q: What does this economic trend measure?
A: The Average Hourly Earnings of All Employees: Financial Activities in Missouri measures the average hourly wage for workers in the financial sector within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to gauge labor market conditions and inflationary pressures in Missouri's financial sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, investors, and policymakers to assess the economic conditions in Missouri and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Missouri (SMU29000005500000003), retrieved from FRED.