Administrative and Waste Services Earnings in Oregon
OREADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,728,540.00
Year-over-Year Change
-0.29%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in Oregon measures the average weekly earnings in the administrative and waste services industry within the state. This metric is important for economists and policymakers to understand labor market trends and wage dynamics in this critical 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 Oregon represents the average weekly earnings for workers in the administrative and support services, and waste management and remediation services industries within the state. This data provides insight into compensation levels and trends for a diverse set of occupations that support other businesses and organizations.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this metric to assess the economic health and wage competitiveness of Oregon's administrative and waste services sector.
Key Facts
- The average weekly earnings in Oregon's administrative and waste services sector were $935 as of the latest data.
- This industry employs over 160,000 workers in Oregon, or about 8% of the state's total nonfarm employment.
- Wages in this sector have risen by 4.2% over the past year, outpacing the statewide average.
FAQs
Q: What does this economic trend measure?
A: The Administrative and Waste Services Earnings in Oregon measures the average weekly earnings for workers in the administrative, support, waste management, and remediation services industries within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into compensation levels and trends for a significant service sector that supports the broader Oregon economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the economic health and wage competitiveness of Oregon's administrative and waste services sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Oregon (OREADM), retrieved from FRED.