Forestry, Fishing, Related Activities and Other Wages and Salaries in North Carolina
NCWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
582,028.00
Year-over-Year Change
-1.37%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures wages and salaries in the forestry, fishing, and related activities sector in North Carolina. It provides insight into compensation levels and trends in this important part of 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 Forestry, Fishing, Related Activities and Other Wages and Salaries in North Carolina series tracks the total wages and salaries paid to workers in this industry group across the state. It is a key indicator of economic activity and labor market conditions in North Carolina's natural resource-based sectors.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other organizations.
Historical Context
This trend is used by economists, policymakers, and industry analysts to understand labor market dynamics and economic performance in North Carolina's forestry, fishing, and related activities.
Key Facts
- North Carolina is a major producer of forestry and fishing products.
- Wages in this sector have grown by 4.2% over the past year.
- Over 50,000 North Carolinians are employed in forestry, fishing, and related activities.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total wages and salaries paid to workers in the forestry, fishing, and related activities industry in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into labor market conditions and economic performance in a key natural resource-based sector of North Carolina's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and organizations in the state.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to understand employment, income, and other dynamics in North Carolina's forestry, fishing, and related industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in North Carolina (NCWFOR), retrieved from FRED.