Average Weekly Earnings of All Employees: Financial Activities in Nebraska
SMU31000005500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,550.19
Year-over-Year Change
60.16%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the financial activities sector in Nebraska. It provides insight into wage levels and changes within this critical 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 Weekly Earnings of All Employees: Financial Activities in Nebraska data series tracks the mean weekly compensation, including pay and benefits, for workers in Nebraska's finance, insurance, and real estate sectors. This metric is a key indicator of economic conditions and purchasing power in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the financial health and labor market dynamics of Nebraska's economy.
Key Facts
- Nebraska's financial activities sector employs over 55,000 people.
- Average weekly earnings in this sector 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 trend tracks the average weekly earnings, including pay and benefits, for all employees in Nebraska's financial activities sector, which includes finance, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage levels and changes within a critical industry, which is important for assessing the financial health and labor market dynamics of Nebraska's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the financial activities sector in Nebraska and evaluate its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Nebraska (SMU31000005500000011A), retrieved from FRED.