Average Weekly Earnings of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Indiana
SMU18000007072200030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
385.87
Year-over-Year Change
8.99%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures average weekly earnings of production employees in the leisure and hospitality sector, specifically in the food services and drinking places industry in Indiana. It provides insight into wage dynamics in a key service 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 Weekly Earnings of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Indiana data series tracks the average weekly earnings of workers in this sector and geographic area. It is an important economic indicator that reflects the labor market and income conditions for a significant portion of the Indiana workforce.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, businesses, and analysts to understand consumer spending power and inflationary pressures in the Indiana economy.
Key Facts
- Indiana's food services and drinking places industry employs over 240,000 workers.
- Average weekly earnings in this sector have risen by 22% over the past 5 years.
- Earnings growth has outpaced the overall Indiana average over the same period.
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 food services and drinking places industry in Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wage dynamics and labor market conditions in a key service industry, which is important for understanding consumer spending power and inflationary pressures in the Indiana economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of 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, businesses, and analysts to understand consumer spending power and inflationary pressures in the Indiana economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Indiana (SMU18000007072200030), retrieved from FRED.