Average Hourly Earnings of All Employees: Financial Activities in Montana
SMU30000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.80
Year-over-Year Change
5.57%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Financial Activities in Montana measures the average hourly wage for workers in the financial sector within the state. This metric is important for understanding economic conditions and labor market trends.
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 data series tracks the average hourly earnings of all employees in the financial activities industry within the state of Montana. It provides insight into compensation levels and changes over time, which can inform decisions around employment, investment, and economic policy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this series to assess the strength of Montana's financial sector and its implications for the broader state economy.
Key Facts
- Montana's financial sector employs over 20,000 workers.
- Average hourly earnings in this industry are 25% higher than the state's overall average.
- Earnings have risen by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average hourly wages for employees in Montana's financial activities industry, including banking, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: The average hourly earnings in the financial sector provide insight into compensation levels and changes over time, which can inform decisions around employment, investment, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess the strength of Montana's financial sector and its implications for the broader state economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Montana (SMU30000005500000003), retrieved from FRED.