Other Services (except Public Administration) Earnings in Montana
MTEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,885,243.00
Year-over-Year Change
21.05%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in Montana' trend measures the average weekly earnings in the 'Other Services' sector, excluding public administration, in the state of Montana. This data is valuable for understanding the economic conditions and labor market trends in Montana's private service 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 'Other Services' sector includes establishments engaged in activities such as equipment and machinery repair, personal care services, laundry services, religious activities, and other personal services. This metric provides insight into wage levels and earnings patterns within this important segment of Montana's economy.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program, a cooperative effort between the U.S. Bureau of Labor Statistics and state workforce agencies.
Historical Context
Policymakers and economists use this trend to assess the health and dynamics of Montana's service-based industries.
Key Facts
- Montana's 'Other Services' sector employs over 30,000 workers.
- Average weekly earnings in this sector were $713 as of the latest data.
- The 'Other Services' sector accounts for nearly 7% of Montana's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings in the 'Other Services' sector, excluding public administration, within the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the economic conditions and labor market trends within an important segment of Montana's private service industry, which is crucial for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program, a cooperative effort between the U.S. Bureau of Labor Statistics and state workforce agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and dynamics of Montana's service-based industries, which are crucial for understanding the state's overall economic conditions and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Montana (MTEOTH), retrieved from FRED.