Average Hourly Earnings of All Employees: Total Private in Indiana
SMU18000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.84
Year-over-Year Change
5.61%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Total Private in Indiana' series measures the average hourly wage of private sector workers in the state of Indiana. This data provides insights into the state's labor market and compensation trends.
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 hourly earnings of all private sector employees in Indiana, including both full-time and part-time workers. It is a key measure of labor costs and can inform economic analysis and policy decisions at the state level.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the overall health of the Indiana labor market and make informed decisions about economic policies.
Key Facts
- Indiana's average hourly earnings for private sector workers reached a record high in 2022.
- The average hourly wage in Indiana is consistently lower than the national average.
- Manufacturing is a significant driver of private sector earnings in the state.
FAQs
Q: What does this economic trend measure?
A: The 'Average Hourly Earnings of All Employees: Total Private in Indiana' series measures the average hourly wage paid to private sector workers in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market and compensation levels in Indiana, which can inform economic analysis, policy decisions, and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the overall health of the Indiana labor market and make informed decisions about economic policies, such as minimum wage, tax incentives, and workforce development programs.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a slight delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Indiana (SMU18000000500000003), retrieved from FRED.