Management of Companies and Enterprises Wages and Salaries in Indiana
INWMAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,091,659.00
Year-over-Year Change
13.54%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Management of Companies and Enterprises Wages and Salaries in Indiana' trend measures the average wages and salaries paid to employees in the management of companies and enterprises industry in the state of Indiana. This data is important for economists and policymakers to track labor costs and industry trends.
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 economic indicator provides insights into the compensation levels within the management of companies and enterprises sector in Indiana. It is used to analyze industry-specific labor market conditions, benchmark wage growth, and inform economic policy decisions.
Methodology
The data is collected through surveys of businesses and establishments in Indiana by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in management wages and salaries can signal broader economic conditions and are monitored by policymakers and industry analysts.
Key Facts
- Indiana's management wages have increased by 3.2% over the past year.
- The management sector accounts for 4.1% of total employment in Indiana.
- Wages in the management of companies industry are 27% higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average wages and salaries paid to employees in the management of companies and enterprises industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data is important for economists and policymakers to track labor costs and industry trends within the management sector in Indiana.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Indiana by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in management wages and salaries can signal broader economic conditions and are monitored by policymakers and industry analysts to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Management of Companies and Enterprises Wages and Salaries in Indiana (INWMAN), retrieved from FRED.