Average Weekly Earnings of All Employees: Financial Activities in Montana
SMU30000005500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,249.73
Year-over-Year Change
57.06%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Financial Activities in Montana measures the average weekly earnings of employees in the financial activities sector in Montana. This metric is an important indicator of economic conditions and labor market trends in 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
This series tracks the average weekly earnings for all employees in the financial activities industry in Montana. The data provides insights into wage growth, cost of living, and labor market dynamics within this key economic sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Montana's financial services industry.
Key Facts
- Montana's financial activities sector employs over 23,000 people.
- Average weekly earnings in this industry are 25% higher than the statewide average.
- Earnings in financial activities have grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of all employees in Montana's financial activities sector, including banking, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth, labor costs, and the overall health of a key industry in Montana's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the competitiveness and development of Montana's financial services sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
Related Trends
Chain-Type Quantity Index for Real GDP: Furniture and Related Product Manufacturing (337) in Montana
MTFURNMANQGSP
Value of Exports to Germany from Montana
MTDEUA052SCEN
Housing Inventory: Price Reduced Count in Montana
PRIREDCOUMT
Gross Domestic Product: Insurance Carriers and Related Activities (524) in Montana
MTINSCRANGSP
State Government Tax Collections, Total Other Taxes in Montana
MTTLOTHTAX
All Employees: Manufacturing: Durable Goods in Montana
SMS30000003100000001
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Montana (SMU30000005500000011A), retrieved from FRED.