Other Services (Except Public Administration) Wages and Salaries in Washington
WAWOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,071,284.00
Year-over-Year Change
23.55%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the wages and salaries paid to workers in the 'Other Services (Except Public Administration)' industry in Washington state. It provides insight into labor market conditions and compensation levels for this key sector of the regional 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 'Other Services (Except Public Administration)' industry includes a diverse range of service-providing businesses, from personal care and repair services to religious, grant-making, and advocacy organizations. This wage and salary index is an important economic indicator for policymakers and analysts seeking to understand the strength and dynamics of Washington's labor market.
Methodology
This data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Wage and salary trends in this industry are closely watched by economists and state officials to gauge the health of Washington's service sector and broader economic conditions.
Key Facts
- Washington's 'Other Services' sector employs over 250,000 workers.
- Wages in this industry have grown 3.2% annually over the past 5 years.
- The 'Other Services' sector accounts for 8% of Washington's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the wages and salaries paid to workers in the 'Other Services (Except Public Administration)' industry in Washington state.
Q: Why is this trend relevant for users or analysts?
A: This wage and salary index is an important indicator for understanding the strength and dynamics of Washington's labor market and service sector economy.
Q: How is this data collected or calculated?
A: This data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wage and salary trends in this industry are closely watched by economists and state officials to gauge the health of Washington's service sector and broader economic conditions.
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, Other Services (Except Public Administration) Wages and Salaries in Washington (WAWOTH), retrieved from FRED.