Average Weekly Earnings of All Employees: Total Private in Montana
SMU30000000500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,035.28
Year-over-Year Change
51.39%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Total Private in Montana tracks the average weekly earnings of private sector workers in the state of Montana. This metric is an important indicator of economic activity and worker productivity.
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, including overtime pay, for all private sector employees in Montana. It is a key economic indicator used to assess trends in worker compensation, labor costs, and overall economic conditions 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 analysts use this data to monitor wage and employment trends and make informed decisions about economic and workforce policies.
Key Facts
- Montana's average weekly earnings are typically lower than the national average.
- Earnings have shown steady growth over the past decade, reflecting a strengthening economy.
- The COVID-19 pandemic caused a temporary dip in average weekly earnings in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings, including overtime pay, for all private sector employees in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and worker productivity in Montana, providing insights into wage and employment trends that are useful for policymakers and market 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: Policymakers and analysts use this data to monitor wage and employment trends and make informed decisions about economic and workforce policies in Montana.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Montana (SMU30000000500000011A), retrieved from FRED.