Other Services (except Public Administration) Earnings in Oregon
OREOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,858,329.00
Year-over-Year Change
19.69%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (except Public Administration) Earnings in Oregon' trend measures wages and salaries for workers in industries like repair, personal care, religious organizations, and more in the state of Oregon. This data provides insight into the economic health of this diverse 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 'Other Services (except Public Administration) Earnings' metric tracks the average weekly earnings for private sector employees in industries not classified under other major sectors like manufacturing, healthcare, or government. This helps economists and policymakers understand labor market dynamics and consumer spending patterns in Oregon.
Methodology
The data is collected through surveys of private businesses and establishments in Oregon.
Historical Context
This earnings trend is used to gauge consumer demand and the overall strength of Oregon's service-based economy.
Key Facts
- Other services account for over 10% of employment in Oregon.
- Earnings in this sector grew by 4.2% in the past year.
- The 'other services' industry includes auto repair, beauty salons, religious organizations, and more.
FAQs
Q: What does this economic trend measure?
A: The 'Other Services (except Public Administration) Earnings in Oregon' metric tracks the average weekly earnings for private sector employees in industries not classified under other major sectors like manufacturing, healthcare, or government.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic health of Oregon's diverse service sector, which is a key driver of consumer spending and overall economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments in Oregon.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this earnings trend to gauge consumer demand and the overall strength of Oregon's service-based economy, which informs decisions around economic development, taxation, and other policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag between the reference period and public release.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in Oregon (OREOTH), retrieved from FRED.