Average Hourly Earnings of Production Employees: Financial Activities in Indiana
SMU18000005500000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.11
Year-over-Year Change
-0.39%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average hourly earnings of production employees in the financial activities sector in Indiana. It provides insights into labor costs and economic conditions in this key industry.
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 Average Hourly Earnings of Production Employees: Financial Activities in Indiana series tracks the average hourly pay for workers in the financial services and related industries within the state. This metric is used by economists and policymakers to assess employment trends and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in financial sector wages offer important context for monetary and fiscal policy decisions.
Key Facts
- Indiana's financial sector employs over 100,000 workers.
- Wages in this industry are 25% higher than the state average.
- Hourly earnings have risen 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the financial activities sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and economic conditions in Indiana's important financial services industry, which is a key data point for economists and policymakers.
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: Trends in financial sector wages offer important context for monetary and fiscal policy decisions made by institutions like the Federal Reserve.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Financial Activities in Indiana (SMU18000005500000008), retrieved from FRED.