Administrative and Waste Services Wages and Salaries in Maine
This dataset tracks administrative and waste services wages and salaries in maine over time.
Latest Value
1581059.00
Year-over-Year Change
-2.44%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures wages and salaries in the administrative and waste services industry in Maine. It provides insights into labor costs and economic conditions in this important 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 Wages and Salaries in Maine indicator tracks compensation levels for workers in industries such as office administration, facilities support, waste collection, and remediation services. This metric is useful for analyzing regional economic trends and cost structures.
Methodology
The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator informs policy decisions and business planning related to labor market conditions in Maine.
Key Facts
- Wages in Maine's administrative and waste services sector averaged $849 per week in 2022.
- The industry accounts for over 48,000 jobs in Maine, or about 7% of total state employment.
- Wage growth in this sector has outpaced the statewide average in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks wages and salaries for workers in Maine's administrative and waste services industries, including sectors like office administration, facilities support, and waste collection.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and economic conditions in an important service sector, informing business planning and policy decisions related to the Maine economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and businesses to monitor labor market conditions and cost structures in Maine's administrative and waste services industries.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Maine (MEWADM), retrieved from FRED.