Average Weekly Earnings of All Employees: Other Services in North Dakota
SMU38000008000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,022.33
Year-over-Year Change
2.87%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Other Services in North Dakota measures the average weekly earnings for workers in the other services industry in North Dakota. This metric provides insights into labor market conditions and economic trends 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 other services industry in North Dakota. Other services includes repair and maintenance, personal and laundry services, religious, grantmaking, civic, professional, and similar organizations. The data is used by economists and policymakers to assess the broader economic health and labor market dynamics within the state.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric can inform policy decisions and provide context for market analysis of the North Dakota economy.
Key Facts
- North Dakota is a major energy-producing state.
- The other services sector includes diverse businesses like repair shops and nonprofits.
- Weekly earnings data can signal changes in labor market tightness.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings for all employees in the other services industry in North Dakota.
Q: Why is this trend relevant for users or analysts?
A: The data provides insights into labor market conditions and economic trends within the state, which can inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric can provide context for assessing the broader economic health and labor market dynamics within North Dakota, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Other Services in North Dakota (SMU38000008000000011), retrieved from FRED.