Average Weekly Earnings of All Employees: Professional and Business Services in North Carolina
SMU37000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,425.44
Year-over-Year Change
3.93%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Professional and Business Services in North Carolina measures the average weekly earnings for employees in the professional and business services sector in North Carolina. This trend provides insight into labor market conditions and economic activity in the state.
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 for all employees in the professional and business services industry within North Carolina. It is a key indicator of wage growth and labor market trends for this important sector of the state's economy.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the health of North Carolina's labor market and economy.
Key Facts
- North Carolina's professional and business services sector accounts for over 800,000 jobs.
- Average weekly earnings in this sector have risen by 15% over the past 5 years.
- The national average weekly earnings for professional and business services are 10% higher than North Carolina's.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings for all employees in the professional and business services industry within North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into wage growth and labor market conditions in a key sector of North Carolina's economy, which is valuable for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated 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 assess the health of North Carolina's labor market and broader economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in North Carolina (SMU37000006000000011), retrieved from FRED.