Administrative and Waste Services Wages and Salaries in Indiana
This dataset tracks administrative and waste services wages and salaries in indiana over time.
Latest Value
8919638.00
Year-over-Year Change
0.35%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Wages and Salaries in Indiana trend measures the average earnings of workers in the administrative and waste services sector in the state of Indiana. This metric is a key indicator of economic activity and labor market conditions in this important industry.
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 Wages and Salaries in Indiana trend represents the average hourly or weekly earnings of employees in the administrative and support services, and waste management and remediation services industries located within the state of Indiana. This data is a valuable input for analyzing workforce dynamics and compensation levels in the administrative and waste services sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to gauge the relative strength of the administrative and waste services industry and its contribution to the broader Indiana economy.
Key Facts
- The administrative and waste services sector accounts for over 200,000 jobs in Indiana.
- Average wages in this sector are around $18 per hour in Indiana.
- Indiana ranks among the top 10 states for employment in administrative and waste services.
FAQs
Q: What does this economic trend measure?
A: The Administrative and Waste Services Wages and Salaries in Indiana trend measures the average earnings of workers in the administrative and waste services sector within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into labor market conditions and compensation levels in an important services industry, which is crucial for understanding Indiana's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments 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 relative strength of the administrative and waste services industry and its contribution to the broader Indiana economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Indiana (INWADM), retrieved from FRED.