Average Hourly Earnings of All Employees: Other Services in Indiana
SMU18000008000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.76
Year-over-Year Change
14.65%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Other Services in Indiana measures the average hourly wage for workers in the Other Services sector in the state of Indiana. This metric provides insight into labor market conditions and the economic health of the state.
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 Other Services sector includes a wide range of industries such as personal care services, religious organizations, and repair and maintenance. This statistic is an important indicator of inflationary pressures and the purchasing power of Indiana residents.
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 closely monitor this metric to assess the strength of the Indiana economy and guide policy decisions.
Key Facts
- The average hourly wage in Indiana's Other Services sector was $23.17 as of the latest data.
- This statistic has increased by 3.2% over the past 12 months.
- Indiana's Other Services sector employs over 200,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for employees in the Other Services sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and the economic health of Indiana, which is important for policymakers and economists.
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 closely monitor this metric to assess the strength of the Indiana economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Other Services in Indiana (SMU18000008000000003), retrieved from FRED.