Real Estate, Rental and Leasing Wages and Salaries in West Virginia
WVWREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
377,498.00
Year-over-Year Change
18.93%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures wages and salaries in the real estate, rental, and leasing industry within West Virginia. It provides insights into the compensation levels and trends in this important sector 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 Real Estate, Rental and Leasing Wages and Salaries in West Virginia data series tracks the total compensation paid to employees in this industry across the state. It is a key indicator of economic activity and labor market conditions in the real estate and related service sectors.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government entities.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess the health and outlook of West Virginia's real estate market.
Key Facts
- West Virginia's real estate wages have grown by 25% over the past decade.
- The real estate industry accounts for over 4% of total employment in the state.
- Wages in this sector are 12% higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: The Real Estate, Rental and Leasing Wages and Salaries in West Virginia series tracks the total compensation paid to employees in this industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and labor market conditions of West Virginia's real estate sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government entities.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this data to assess the outlook and competitiveness of West Virginia's real estate market.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately two to three months.
Related Trends
Poverty Universe, All Ages for West Virginia
PUAAWV54000A647NCEN
All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in West Virginia
SMS54000006056000001
Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in West Virginia
WVAGRQGSP
Poverty Universe, Age 5-17 related for West Virginia
PUA5T17RWV54000A647NCEN
Transportation Carbon Dioxide Emissions, Aviation Gasoline for West Virginia
EMISSCO2VAVACBWVA
Average Weekly Hours of All Employees: Construction in West Virginia
SMU54000002000000002
Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Wages and Salaries in West Virginia (WVWREA), retrieved from FRED.