Average Weekly Earnings of All Employees: Professional and Business Services in Montana
SMU30000006000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,180.26
Year-over-Year Change
52.52%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Professional and Business Services in Montana measures the average weekly pay for workers in the professional and business services sector in the state of Montana.
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 economic indicator provides insight into wage growth and employment trends within the professional and business services industry in Montana. It is a key metric for understanding the strength and competitiveness of the state's labor market in this important sector.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and businesses to assess the economic conditions and outlook in Montana.
Key Facts
- The average weekly earnings in Montana's professional and business services sector were $1,149 as of the latest data.
- This metric has shown steady growth over the past decade, reflecting the expansion of higher-paying jobs in the state.
- The professional and business services industry accounts for over 10% of total employment in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the professional and business services sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into wage growth and employment trends within a key industry in Montana, which is useful for understanding the state's economic conditions and outlook.
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 used by economists, policymakers, and businesses to assess the strength and competitiveness of Montana's labor market in the professional and business services sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of about one month.
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EMISSCO2COPICBMTA
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Montana (SMU30000006000000011A), retrieved from FRED.