Average Weekly Earnings of All Employees: Professional and Business Services in North Dakota
SMU38000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,515.62
Year-over-Year Change
-3.64%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Professional and Business Services in North Dakota tracks the average weekly earnings of workers in the professional and business services sector within 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 economic trend provides insights into the labor market and wages in North Dakota's professional and business services industry. It is used by economists, policymakers, and businesses to understand economic conditions and workforce trends in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for analyzing the state's economic performance and competitiveness in attracting and retaining skilled professionals.
Key Facts
- North Dakota is a major center for the professional and business services industry.
- Wages in this sector have risen steadily in recent years.
- The trend is an important indicator of the state's economic health and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the professional and business services sector within the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and wage dynamics in North Dakota's professional and business services industry, which is an important sector for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and businesses to analyze the state's economic performance and competitiveness in attracting and retaining skilled professionals.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis with a short lag, providing timely insights into the state's professional and business services sector.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in North Dakota (SMU38000006000000011), retrieved from FRED.