Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in West Virginia
SMU54000007072000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
341.13
Year-over-Year Change
-1.15%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures average weekly earnings for production employees in the leisure and hospitality, accommodation and food services sector in West Virginia. It provides insights into labor market conditions and compensation in a key regional industry.
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 Production Employees: Leisure and Hospitality: Accommodation and Food Services in West Virginia is a key data series that tracks changes in compensation for a critical service-sector workforce within the state. This metric helps economists and policymakers assess the economic health and competitiveness of West Virginia's tourism and hospitality industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic and workforce policies, as well as investment decisions in West Virginia's leisure and hospitality sector.
Key Facts
- West Virginia's leisure and hospitality sector employs over 90,000 workers.
- Average weekly earnings in this sector are below the national average.
- The accommodation and food services subsector accounts for the majority of leisure and hospitality jobs in West Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the leisure and hospitality, accommodation and food services sector in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and compensation in a key regional industry, helping to inform economic and workforce policies as well as investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and workforce policies, as well as investment decisions in West Virginia's leisure and hospitality sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in West Virginia (SMU54000007072000030), retrieved from FRED.