Average Hourly Earnings of All Employees: Information in North Carolina
SMU37000005000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.05
Year-over-Year Change
13.29%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic indicator measures the average hourly earnings of all employees in the information sector in North Carolina. It provides insights into wage trends and labor market conditions in the state's information 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 Hourly Earnings of All Employees: Information in North Carolina is a key metric that tracks changes in compensation for workers in the information sector, which includes industries like technology, media, and telecommunications. This data point is useful for analyzing economic performance and labor market dynamics within North Carolina's information industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to assess the competitiveness and health of North Carolina's information sector.
Key Facts
- North Carolina's information sector accounts for over 300,000 jobs.
- Average hourly earnings in this sector have increased by 15% over the past 5 years.
- The information industry is a key driver of economic growth in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average hourly earnings of all employees in the information sector in North Carolina, providing insights into wage trends in this industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding labor market conditions and economic performance within North Carolina's information sector, 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 employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this trend to assess the competitiveness and health of North Carolina's information sector, which informs economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Information in North Carolina (SMU37000005000000003), retrieved from FRED.