Average Weekly Earnings of All Employees: Leisure and Hospitality in Indiana
SMU18000007000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496.27
Year-over-Year Change
9.83%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Leisure and Hospitality in Indiana trend measures average weekly earnings for workers in the leisure and hospitality sector in Indiana. This data provides insights into wage dynamics and economic conditions in the state's service industries.
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 metric tracks the average weekly earnings of all employees in the leisure and hospitality industry in Indiana. It is a key economic indicator used by analysts and policymakers to assess the strength of the service sector and consumer spending within the state.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in leisure and hospitality earnings are closely watched as they can signal changes in consumer demand and employment in this important industry.
Key Facts
- Indiana's leisure and hospitality sector employs over 280,000 workers.
- Average weekly earnings in this industry have risen by 15% over the past 5 years.
- Earnings in leisure and hospitality are typically lower than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the leisure and hospitality industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Trends in leisure and hospitality earnings are closely watched as they can signal changes in consumer demand and employment in this important service sector.
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: Policymakers and economists use this data to assess the strength of the service sector and consumer spending within the state of Indiana.
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, Average Weekly Earnings of All Employees: Leisure and Hospitality in Indiana (SMU18000007000000011), retrieved from FRED.