Average Weekly Earnings of All Employees: Leisure and Hospitality in Alabama
SMU01000007000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
439.66
Year-over-Year Change
4.50%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Leisure and Hospitality in Alabama' trend measures average weekly earnings for workers in the leisure and hospitality industry in Alabama. It provides insights into wage growth and labor market conditions in this key economic 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 economic indicator tracks the average weekly earnings of all employees, both full-time and part-time, in the leisure and hospitality industry in the state of Alabama. It is a useful metric for analyzing trends in compensation, labor costs, and the overall strength of the tourism and service economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policy makers and economists monitor this trend to assess the health of Alabama's service-oriented industries and make informed decisions.
Key Facts
- Alabama's leisure and hospitality industry employs over 200,000 workers.
- Average weekly earnings in this sector have increased by 25% over the past decade.
- The leisure and hospitality industry accounts for 10% of Alabama's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees, both full-time and part-time, in the leisure and hospitality industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth and labor market conditions in Alabama's key service-oriented industries, which are important for understanding the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policy makers and economists monitor this trend to assess the health of Alabama's leisure and hospitality sector and make informed decisions about economic policy and development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Transportation Carbon Dioxide Emissions, Motor Gasoline for Alabama
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Leisure and Hospitality in Alabama (SMU01000007000000011), retrieved from FRED.