Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Nebraska
SMU31000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.01
Year-over-Year Change
1.74%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Nebraska. It provides valuable insights into labor market conditions and wage dynamics in this important industry.
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 Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Nebraska is a key economic indicator that tracks the average hourly compensation for workers in this sector within the state. It is used by economists and policymakers to assess labor market trends and inform decisions related to employment, wages, and economic policy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of establishments in the trade, transportation, and utilities sector.
Historical Context
This trend is widely used by economists, businesses, and policymakers to monitor the health of the Nebraska economy and inform decision-making.
Key Facts
- Nebraska's trade, transportation, and utilities sector employs over 300,000 workers.
- Average hourly earnings in this sector have increased by 15% over the past decade.
- Wages in this industry are 8% higher than the overall state average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into labor market conditions and wage dynamics in an important industry, which is essential for economists, policymakers, and businesses to monitor the health of the Nebraska economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of establishments in the trade, transportation, and utilities sector.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, businesses, and policymakers to monitor the health of the Nebraska economy and inform decision-making related to employment, wages, and economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Nebraska (SMU31000004000000003), retrieved from FRED.