Average Hourly Earnings of Production Employees: Professional and Business Services in Nebraska
SMU31000006000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.28
Year-over-Year Change
2.93%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Hourly Earnings of Production Employees: Professional and Business Services in Nebraska measures the average hourly wage for workers in the professional and business services sector in the state. This metric provides insight into labor market conditions and compensation trends in the Nebraska economy.
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 tracks the average hourly wage paid to production employees in the professional and business services industry in Nebraska. It serves as an important indicator of labor market dynamics and the competitive landscape for employers in this key economic sector.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this metric to gauge inflationary pressures and the overall health of the Nebraska labor market.
Key Facts
- Nebraska's professional and business services sector employs over 200,000 workers.
- Hourly wages in this industry have risen by 3.2% over the past year.
- The average hourly wage is $28.15, above the national average for this sector.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wage paid to production employees in the professional and business services industry in Nebraska.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into labor market dynamics and compensation trends in a key sector of the Nebraska economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to gauge inflationary pressures and the overall health of the Nebraska labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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NEFIRE
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Real Gross Domestic Product: Educational Services (61) in Nebraska
NEEDCATRQGSP
Housing Inventory: Active Listing Count Month-Over-Month in Nebraska
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Personal Consumption Expenditures: Total for Nebraska
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Professional and Business Services in Nebraska (SMU31000006000000008), retrieved from FRED.