Administrative and Waste Services Earnings in South Carolina
SCEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,832,776.00
Year-over-Year Change
15.08%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in South Carolina trend measures the average weekly earnings for workers in the administrative and waste services industry in the state. This metric is closely watched by economists and policymakers to gauge the health of the broader 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
This series tracks the average weekly earnings for workers in administrative and waste services occupations in South Carolina, which includes jobs in office administration, facilities support, and waste management. The data provides insight into wage growth and labor costs in this important services industry.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program.
Historical Context
Policymakers and analysts use this metric to understand economic conditions and guide decisions on issues like employment, investment, and tax policy.
Key Facts
- South Carolina's administrative and waste services earnings averaged $879 per week in 2022.
- This sector accounts for over 250,000 jobs in the state.
- Earnings in this industry have grown by 14% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings for workers in the administrative and waste services industry in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and labor costs in an important services industry, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand economic conditions and guide decisions on issues like employment, investment, and tax policy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a slight delay for data collection and processing.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in South Carolina (SCEADM), retrieved from FRED.