Average Hourly Earnings of All Employees: Private Service Providing in Nebraska
SMU31000000800000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.24
Year-over-Year Change
3.63%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Private Service Providing in Nebraska measures the average hourly wage for private service sector workers in the state. This metric is a key indicator of 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 series represents the average hourly wage paid to private service industry employees in Nebraska, including sectors like trade, transportation, utilities, information, financial activities, professional services, education, health care, and leisure and hospitality. It is used by economists and policymakers to analyze labor market dynamics and the broader economic climate.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This wage trend provides important context for understanding Nebraska's service sector and overall economic performance.
Key Facts
- Nebraska's private service sector accounts for over 70% of total nonfarm employment.
- Wages in Nebraska's service industry have grown over 3% annually on average since 2015.
- The state's service sector wages remain slightly below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to private service industry employees in the state of Nebraska, covering sectors like trade, transportation, and professional services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Nebraska's labor market dynamics and the broader economic climate, as the service sector is a critical component 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 economists use this wage trend to analyze labor market conditions and inform decisions related to economic development, workforce planning, and fiscal policy in Nebraska.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Private Service Providing in Nebraska (SMU31000000800000003), retrieved from FRED.