Average Weekly Earnings of All Employees, Professional and Business Services
This dataset tracks average weekly earnings of all employees, professional and business services over time.
Latest Value
1614.70
Year-over-Year Change
5.09%
Date Range
3/1/2006 - 7/1/2025
Summary
Measures average weekly earnings for employees in professional and business services. Provides critical insight into compensation trends in this vital economic sector.
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 compensation levels across professional and business service industries. It reflects workforce value and economic productivity.
Methodology
Calculated through monthly establishment surveys by the Bureau of Labor Statistics.
Historical Context
Used by economists to analyze wage trends in service sectors.
Key Facts
- Indicates compensation trends in professional services
- Reflects economic value of service sector workers
- Important economic performance metric
FAQs
Q: What does this earnings series measure?
A: Average weekly earnings for all employees in professional and business services sectors.
Q: How frequently is this data updated?
A: Monthly updates through comprehensive government surveys.
Q: Why track these earnings?
A: Provides insights into workforce compensation and economic sector health.
Q: What influences these earnings?
A: Economic conditions, industry demand, skill levels, and market competition.
Q: How accurate is this earnings data?
A: Based on rigorous statistical sampling and established government research methodologies.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees, Professional and Business Services (CES6000000011), retrieved from FRED.