Mining Wages and Salaries in Montana
MTWMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
644,118.00
Year-over-Year Change
0.30%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Wages and Salaries in Montana trend measures average earnings for workers in the mining industry in the state of Montana. This metric is important for economists and policymakers to assess economic conditions and the strength of the mining 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 Mining Wages and Salaries in Montana indicator tracks the average hourly and weekly earnings of production and nonsupervisory employees in the mining industry across the state. This provides insight into labor costs, worker compensation, and the overall health of the mining sector in Montana.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in mining wages and salaries are relevant for understanding regional economic performance, labor market dynamics, and policy considerations around the mining industry.
Key Facts
- Mining is a key industry in Montana's economy.
- Wages in the mining sector tend to be higher than the state average.
- Monitoring changes in mining wages can indicate economic shifts in the industry.
FAQs
Q: What does this economic trend measure?
A: The Mining Wages and Salaries in Montana trend measures the average hourly and weekly earnings of production and nonsupervisory employees in the mining industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs, worker compensation, and the overall health of the mining sector in Montana, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in mining wages and salaries are relevant for understanding regional economic performance, labor market dynamics, and policy considerations around the mining industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Mining Wages and Salaries in Montana (MTWMIN), retrieved from FRED.