Average Weekly Earnings of All Employees: Leisure and Hospitality in Missouri
SMU29000007000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
457.42
Year-over-Year Change
47.76%
Date Range
1/1/2007 - 1/1/2024
Summary
This trend measures the average weekly earnings of all employees in the leisure and hospitality industry in Missouri. It provides insights into compensation levels and economic conditions in a key service sector.
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 metric tracks the average weekly gross pay for all employees in the leisure and hospitality industry in Missouri. This data is used by economists and policymakers to monitor economic performance and labor market trends in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this data to understand consumer spending patterns and make informed decisions.
Key Facts
- Missouri's leisure and hospitality industry employs over 300,000 workers.
- Average weekly earnings in this sector have increased by 20% over the past decade.
- The leisure and hospitality industry accounts for 10% of Missouri's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the leisure and hospitality industry in Missouri.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into compensation levels and economic conditions in a key service sector, which is valuable for policymakers and businesses.
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: Policymakers and businesses use this data to understand consumer spending patterns and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
Related Trends
Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Missouri
MOFOODBEVTOBMANNGSP
Educational Services Wages and Salaries in Missouri
MOWEDU
Chain-Type Quantity Index for Real GDP: Accommodation (721) in Missouri
MOACCOMDQGSP
Average Weekly Earnings of Production Employees: Wholesale Trade in Missouri
SMU29000004100000030
Production or Nonsupervisory Employees: Financial Activities in Missouri
SMU29000005500000006
State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Missouri
MOINSURTAX
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Leisure and Hospitality in Missouri (SMU29000007000000011A), retrieved from FRED.