Other Services (except Public Administration) Earnings in South Carolina
SCEOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,466,320.00
Year-over-Year Change
24.42%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures average hourly earnings in the Other Services (except Public Administration) industry sector in South Carolina. It provides insights into wages and labor market conditions 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 Other Services (except Public Administration) sector includes a diverse range of businesses such as repair and maintenance, personal and laundry services, religious organizations, and private households. Tracking earnings in this sector helps economists and policymakers understand broader employment and income trends.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform state-level economic policies and business decisions.
Key Facts
- Earnings in this sector averaged $19.85 per hour in 2022.
- The sector accounts for over 250,000 jobs in South Carolina.
- Earnings have risen 3.2% annually on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures average hourly earnings for workers in the Other Services (except Public Administration) industry sector in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: Tracking earnings in this diverse services sector provides insights into broader labor market and economic conditions in the state.
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: This metric is used to inform state-level economic policies and business decisions in South Carolina.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Other Services (except Public Administration) Earnings in South Carolina (SCEOTH), retrieved from FRED.