Administrative and Waste Services Earnings in New Jersey
This dataset tracks administrative and waste services earnings in new jersey over time.
Latest Value
26146532.00
Year-over-Year Change
6.24%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic indicator tracks the average weekly earnings in the administrative and waste services industry in New Jersey. It provides insights into the compensation and productivity trends within this key service 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 Earnings in New Jersey metric measures the average weekly pay for workers in industries such as office administration, facilities support, waste management, and employment services. It offers a valuable data point for analyzing the economic health and labor market conditions in New Jersey.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and industry analysts to assess the broader service economy and guide economic policies.
Key Facts
- New Jersey is the most densely populated state in the U.S.
- The administrative and waste services industry employs over 300,000 people in New Jersey.
- Wages in this sector have grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers in the administrative and waste services industry in the state of New Jersey.
Q: Why is this trend relevant for users or analysts?
A: This data point offers insights into labor market conditions and compensation trends within a key service sector, which is crucial for understanding the broader economic health of New Jersey.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the service economy and guide economic policies that impact employment, wages, and industry-specific conditions in New Jersey.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in New Jersey (NJEADM), retrieved from FRED.