Accommodation and Food Services Wages and Salaries in Iowa
This dataset tracks accommodation and food services wages and salaries in iowa over time.
Latest Value
3148041.00
Year-over-Year Change
14.89%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures average wages and salaries in the accommodation and food services industry in Iowa. It provides important insights into labor costs and employment conditions in a key 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 Accommodation and Food Services Wages and Salaries in Iowa series tracks the average hourly and weekly earnings of workers in the accommodation and food services industry across the state. This data is used by economists and policymakers to monitor industry health, cost pressures, and the overall strength of Iowa's labor market.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this series inform economic and workforce policies at the state level.
Key Facts
- Iowa's accommodation and food services industry employs over 200,000 workers.
- Average weekly earnings in this sector were $405 as of the latest data.
- Wages have increased by 15% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly and weekly wages and salaries of workers in the accommodation and food services industry in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor costs and employment conditions in a key sector of Iowa's economy, which is crucial for economic and workforce policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this series inform economic and workforce policies at the state level in Iowa, as they provide insights into industry health, cost pressures, and labor market conditions.
Q: Are there update delays or limitations?
A: There may be some lag in the data updates, as it is collected through employer surveys by the federal statistical agency.
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Citation
U.S. Federal Reserve, Accommodation and Food Services Wages and Salaries in Iowa (IAWACC), retrieved from FRED.