Average Hourly Earnings of All Employees: Leisure and Hospitality in North Carolina
SMU37000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.41
Year-over-Year Change
5.59%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the leisure and hospitality sector in North Carolina. It provides insights into wage dynamics in a key industry within the state's 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
The Average Hourly Earnings of All Employees: Leisure and Hospitality in North Carolina is a key labor market indicator that tracks changes in compensation for workers in the state's leisure and hospitality industry. This metric is closely monitored by economists and policymakers to assess economic conditions and guide decision-making.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic policy and business decisions related to the leisure and hospitality sector in North Carolina.
Key Facts
- North Carolina's leisure and hospitality sector employs over 500,000 workers.
- Average hourly earnings in this sector have risen by 25% over the past decade.
- The leisure and hospitality industry accounts for 10% of North Carolina's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the leisure and hospitality sector in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage dynamics in a key industry within North Carolina's economy, which is important for assessing economic conditions and informing 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: This trend is used to inform economic policy and business decisions related to the leisure and hospitality sector in North Carolina.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in North Carolina (SMU37000007000000003), retrieved from FRED.