Average Hourly Earnings of All Employees: Professional and Business Services in Missouri
SMU29000006000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.46
Year-over-Year Change
5.08%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Professional and Business Services in Missouri is an economic indicator that measures the average hourly wage for workers in the professional and business services sector within the state of Missouri. It provides insight into labor market conditions and wage 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 tracks the average hourly earnings for all employees in the professional and business services industry in Missouri. It is a key metric used by economists and policymakers to gauge the strength of the state's labor market and assess the purchasing power of workers in this important sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average hourly earnings can inform policy decisions and provide context for evaluating the economic health of Missouri's professional and business services industry.
Key Facts
- The average hourly wage in Missouri's professional and business services sector was $29.16 as of the latest data.
- This industry accounts for approximately 12% of total employment in the state.
- Earnings in this sector have risen by over 3% in the past year.
FAQs
Q: What does this economic trend measure?
A: The Average Hourly Earnings of All Employees: Professional and Business Services in Missouri measures the average hourly wage for workers in the professional and business services industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and wage trends in an important sector of the Missouri economy, informing economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average hourly earnings in the professional and business services sector can inform policy decisions and provide context for evaluating the economic health of this industry in Missouri.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Professional and Business Services in Missouri (SMU29000006000000003), retrieved from FRED.