Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Nebraska
SMU31000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
867.07
Year-over-Year Change
39.57%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic indicator tracks the average weekly earnings of all employees in the trade, transportation, and utilities sector in Nebraska. It provides insights into wage trends and labor market conditions in this key industry.
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 of All Employees: Trade, Transportation, and Utilities in Nebraska is a widely followed economic statistic that measures the nominal earnings of workers in this vital sector of the state's economy. It is used by economists, policymakers, and businesses to analyze employment and compensation trends.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is important for understanding the overall economic health and competitiveness of Nebraska's trade, transportation, and utilities industries.
Key Facts
- Earnings in this sector averaged $958 per week in 2022.
- Wages have risen by 3.2% annually over the past 5 years.
- The trade, transportation, and utilities industries employ over 300,000 workers in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of all employees working in the trade, transportation, and utilities industries in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into wage and employment trends in key sectors of Nebraska's economy, informing economic analysis and policy decisions.
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 economists use this metric to monitor labor market conditions and assess the overall competitiveness of Nebraska's trade, transportation, and utilities industries.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Nebraska (SMU31000004000000011A), retrieved from FRED.