Average Hourly Earnings of All Employees: Total Private in Nebraska
SMU31000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.43
Year-over-Year Change
4.04%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all private sector employees in Nebraska. It provides valuable insights into labor market conditions and wage growth within the state.
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 Hourly Earnings of All Employees: Total Private in Nebraska is a key indicator of the strength and trajectory of the state's labor market. It represents the average hourly wage paid to private sector workers, offering insights into inflationary pressures and the overall health of the economy.
Methodology
The data is collected through surveys of private employers in Nebraska by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the Nebraska economy and make informed decisions.
Key Facts
- Nebraska's average private sector hourly wage was $28.54 as of the latest data.
- The trend has shown steady year-over-year growth, indicating a tightening labor market.
- Wages in Nebraska tend to be lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all private sector employees in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength of Nebraska's labor market and the inflationary pressures facing the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers in Nebraska by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the Nebraska economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Nebraska (SMU31000000500000003), retrieved from FRED.