Average Hourly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in West Virginia
SMU54000007072000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.67
Year-over-Year Change
0.74%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the leisure and hospitality sector, specifically the accommodation and food services industry, in West Virginia. It provides insight into wage levels and changes in this key part of 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 metric tracks the typical compensation paid to production workers in West Virginia's leisure and hospitality industry. This data is used by economists and policymakers to assess labor market conditions, wage pressures, and the overall health of the state's service sector.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average hourly earnings can inform decisions around minimum wage, workforce development, and other economic policies.
Key Facts
- West Virginia's leisure and hospitality sector employs over 90,000 workers.
- Average hourly earnings in this industry have increased by 15% over the past 5 years.
- Wage growth has outpaced the state's overall private sector average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in West Virginia's leisure and hospitality industry, specifically the accommodation and food services sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into wage levels and changes in a key part of West Virginia's economy, which can inform workforce and economic development policies.
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: Trends in average hourly earnings can inform decisions around minimum wage, workforce development, and other economic policies affecting the leisure and hospitality industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in West Virginia (SMU54000007072000008), retrieved from FRED.