Administrative and Waste Services Earnings in Kentucky
This dataset tracks administrative and waste services earnings in kentucky over time.
Latest Value
7432544.00
Year-over-Year Change
8.36%
Date Range
1/1/1998 - 1/1/2025
Summary
This series tracks average hourly earnings in the administrative and waste services industry in Kentucky. It provides insights into compensation trends for a key services sector in 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 Administrative and Waste Services Earnings in Kentucky metric measures the average hourly wage paid to workers in industries such as administrative support, facilities management, and waste collection. This data point is useful for analyzing labor market conditions and cost pressures in a major service-providing industry cluster.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this series to assess the overall health of Kentucky's service-based economy.
Key Facts
- Kentucky's administrative and waste services sector employs over 160,000 workers.
- Hourly earnings in this industry averaged $18.50 as of the latest data.
- Wages have risen 3.2% in the past year in this Kentucky services sector.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly earnings for workers in Kentucky's administrative and waste services industries, providing insights into compensation levels in this key service sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring earnings in the administrative and waste services sector helps economists and policymakers understand labor market conditions and cost pressures in a major component of Kentucky's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall health of Kentucky's service industry and make informed decisions about economic development, workforce, and other policies.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Kentucky (KYEADM), retrieved from FRED.