Average Weekly Earnings of All Employees: Private Service Providing in Nebraska
SMU31000000800000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,001.98
Year-over-Year Change
44.74%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Private Service Providing in Nebraska is an economic indicator that tracks the average weekly earnings of private service-providing workers in the state of Nebraska.
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 metric provides insight into the earnings and compensation trends of a key segment of the Nebraska labor force. It is used by economists and policymakers to assess the state's economic performance and workers' purchasing power.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is monitored for its implications on consumer spending, inflation, and the overall health of the Nebraska economy.
Key Facts
- The series dates back to 2007.
- Nebraska's private service sector accounts for over 60% of total employment.
- Average weekly earnings have increased by over 25% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of private service-providing workers in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the compensation levels and purchasing power of a significant portion of Nebraska's workforce, which is crucial for assessing the state's economic performance and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the health of the Nebraska economy, particularly in terms of consumer spending, inflation, and the state's competitiveness in attracting and retaining workers in the private service sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in Nebraska (SMU31000000800000011A), retrieved from FRED.