Average Weekly Earnings of All Employees: Leisure and Hospitality in Nebraska
SMU31000007000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
444.22
Year-over-Year Change
60.93%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Leisure and Hospitality in Nebraska' trend measures the average weekly earnings for workers in the leisure and hospitality sector in Nebraska. This data provides insight into wage trends and labor market conditions in this important 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
This series tracks the average weekly earnings of all employees in the leisure and hospitality sector for the state of Nebraska. It is a key economic indicator used by analysts and policymakers to understand wage dynamics and the overall health of Nebraska's service industry.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely referenced by economists, industry groups, and state policymakers to inform decisions around labor market policies, economic development, and consumer demand projections.
Key Facts
- Nebraska's leisure and hospitality sector employs over 120,000 workers.
- Average weekly earnings in this sector have increased by 25% over the past decade.
- Wages in Nebraska's leisure and hospitality industry lag the national average by about 15%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the leisure and hospitality sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into wage dynamics and labor market conditions in Nebraska's service industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by economists, industry groups, and state policymakers to inform decisions around labor market policies, economic development, and consumer demand projections.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Leisure and Hospitality in Nebraska (SMU31000007000000011A), retrieved from FRED.