Average Hourly Earnings of All Employees: Leisure and Hospitality in Montana
SMU30000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.95
Year-over-Year Change
8.31%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Leisure and Hospitality in Montana tracks the average hourly wages for workers in the leisure and hospitality industry in the state. This metric is closely watched by economists and policymakers as an indicator of labor market conditions and the overall health of the state's economy.
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 provides insight into wage trends for workers in Montana's leisure and hospitality sector, which includes industries like hotels, restaurants, and entertainment. Tracking changes in average hourly earnings can help analysts assess the competitiveness of wages, worker productivity, and inflationary pressures.
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 businesses monitor this metric to understand labor market dynamics and make informed decisions regarding employment, investment, and economic development.
Key Facts
- Montana's leisure and hospitality sector accounts for over 10% of the state's total employment.
- Average hourly earnings in this sector have increased by 15% over the past 5 years.
- Wages in Montana's leisure and hospitality industry are typically lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the leisure and hospitality industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding labor market conditions, worker productivity, and inflationary pressures in Montana's leisure and hospitality sector, which is a key part of the state's economy.
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 businesses monitor this metric to make informed decisions regarding employment, investment, and economic development in Montana.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag and may be subject to revisions.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in Montana (SMU30000007000000003), retrieved from FRED.