Forestry, Fishing, Related Activities and Other Wages and Salaries in South Carolina
SCWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
348,506.00
Year-over-Year Change
3.56%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities and Other Wages and Salaries in South Carolina' trend measures the total wages and salaries paid to workers in the forestry, fishing, and related industries in the state of South Carolina. This data provides insight into the economic activity and labor market conditions in these key sectors.
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 economic series tracks the total compensation paid to employees in South Carolina's forestry, fishing, and related industries. It serves as an indicator of the overall health and productivity of these natural resource-based sectors, which are important contributors to the state's economy.
Methodology
The data is collected through surveys of businesses and aggregated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and industry analysts use this trend to monitor the competitiveness and growth prospects of South Carolina's forestry and fishing industries.
Key Facts
- South Carolina is a leading producer of timber and wood products in the U.S.
- The state's commercial fishing industry generates over $100 million in annual revenue.
- Forestry and fishing account for over 50,000 jobs in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers in South Carolina's forestry, fishing, and related industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic health and labor market conditions in these important natural resource-based sectors of South Carolina's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and aggregated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the competitiveness and growth prospects of South Carolina's forestry and fishing industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in South Carolina (SCWFOR), retrieved from FRED.