Average Weekly Earnings of All Employees: Private Service Providing in Oregon
SMU41000000800000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,203.17
Year-over-Year Change
1.77%
Date Range
1/1/2007 - 6/1/2025
Summary
This trend measures the average weekly earnings of all private service-providing employees in Oregon. It provides insight into wage trends and economic conditions 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
The Average Weekly Earnings of All Employees: Private Service Providing in Oregon is a key economic indicator that tracks changes in the average weekly pay for private sector service workers across the state. It is used by economists and policymakers to monitor labor market conditions and consumer purchasing power.
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 assessing the health of Oregon's service sector and informing decisions around fiscal and monetary policy.
Key Facts
- Oregon's private service sector employs over 1 million workers.
- Average weekly earnings reached a record high of $1,203 in 2022.
- Wages in the service sector have grown faster than inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all private sector service-providing employees in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wage growth and labor market conditions in Oregon's service sector, which is crucial for understanding consumer purchasing power and informing economic policy decisions.
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 and policymakers to monitor labor market conditions and consumer purchasing power, which informs decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in Oregon (SMU41000000800000011), retrieved from FRED.