Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Indiana
SMU18000007072000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
403.17
Year-over-Year Change
8.89%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures average weekly earnings for production employees in the leisure and hospitality sector, specifically in the accommodation and food services industry in Indiana. It provides insights into wage trends and labor market conditions in this key service 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
The Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Indiana series tracks the mean weekly pay for non-managerial workers in this industry, offering a gauge of economic performance and consumer demand in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and industry analysts to assess the health of Indiana's service economy.
Key Facts
- Indiana's accommodation and food services sector employs over 300,000 workers.
- Average weekly earnings in this industry have risen by 15% over the past 5 years.
- The leisure and hospitality sector accounts for nearly 10% of Indiana's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the leisure and hospitality sector, specifically in the accommodation and food services industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage trends and labor market conditions in a key service sector, offering valuable information for policymakers, economists, and industry analysts assessing the health of Indiana's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers and economists to assess the performance of Indiana's service economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions based on updated information from surveyed establishments.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Indiana (SMU18000007072000030), retrieved from FRED.