Average Weekly Earnings of Production Employees: Professional and Business Services in Nebraska
SMU31000006000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,103.19
Year-over-Year Change
2.77%
Date Range
1/1/2005 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Professional and Business Services in Nebraska measures the average weekly wages for this sector, providing insight into labor market trends and productivity.
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 economic indicator tracks the average weekly earnings of production employees in the professional and business services sector in Nebraska. It is used by economists and policymakers to analyze labor market conditions, wage growth, and overall economic performance in the state.
Methodology
The data is collected through surveys of businesses and establishments in Nebraska.
Historical Context
This trend is relevant for understanding the strength of the professional services industry and broader economic conditions in Nebraska.
Key Facts
- Nebraska's professional and business services sector employs over 200,000 workers.
- Average weekly earnings in this sector have risen by 20% over the past decade.
- The professional services industry accounts for 15% of Nebraska's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the professional and business services sector in Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor market conditions, wage growth, and overall economic performance in Nebraska's professional services industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Nebraska.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the strength of the professional services industry and broader economic conditions in Nebraska.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Professional and Business Services in Nebraska (SMU31000006000000030), retrieved from FRED.