Administrative and Waste Services Earnings in Indiana
INEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,107,555.00
Year-over-Year Change
3.56%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in Indiana trend measures average hourly earnings for workers in the administrative and waste services industry in the state of Indiana. This data is crucial for understanding the economic health and labor market conditions in a key service 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
The Administrative and Waste Services Earnings in Indiana series tracks the average hourly earnings of employees working in the administrative and waste services industry within the state. This provides important insights into compensation levels and trends for a sizable portion of Indiana's service economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to gauge the strength of Indiana's service sector and make informed decisions about economic policies.
Key Facts
- Indiana's administrative and waste services industry employs over 150,000 workers.
- Average hourly earnings in this sector are currently around $20.
- Earnings have risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Administrative and Waste Services Earnings in Indiana trend measures the average hourly earnings of workers employed in the administrative and waste services industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into compensation levels and labor market conditions in a key service sector of Indiana's economy, which is crucial information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the strength of Indiana's service sector and make informed decisions about economic policies that may impact this industry.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be a delay of several weeks between the reference period and the data release.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Indiana (INEADM), retrieved from FRED.