Average Hourly Earnings of All Employees: Information in Washington
SMU53000005000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.80
Year-over-Year Change
-3.66%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Information in Washington measures the average hourly wage for workers in the information industry in the state of Washington. This metric is a key indicator of labor market conditions and cost pressures in the tech-focused region.
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 hourly wage paid to all employees in the information sector, which includes industries like technology, media, telecommunications, and data processing. It provides insight into compensation trends for skilled workers and can signal broader economic shifts in the region.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policy makers and economists use this metric to gauge inflationary pressures and assess the competitiveness of Washington's labor market.
Key Facts
- Washington is a major tech hub in the U.S.
- Information sector wages are typically higher than the national average
- Hourly earnings have risen steadily over the past decade
FAQs
Q: What does this economic trend measure?
A: This metric measures the average hourly wage paid to all employees in the information industry, including tech, media, and telecommunications, within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into compensation and labor market conditions in Washington's key information sector, which is crucial for understanding economic shifts and cost pressures in the region.
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: Policymakers and economists use this metric to gauge inflationary pressures and assess the competitiveness of Washington's labor market, which informs economic and workforce development decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Information in Washington (SMU53000005000000003), retrieved from FRED.