Average Weekly Earnings of All Employees: Total Private in North Carolina
SMU37000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,163.41
Year-over-Year Change
3.75%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Total Private in North Carolina trend measures the average weekly compensation of private sector workers in the state. This metric provides insight into the economic well-being and purchasing power of North Carolina's labor force.
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 tracks the average weekly earnings of all private sector employees in North Carolina, regardless of occupation or industry. It serves as an important indicator of the state's economic health and consumer spending potential.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists often monitor this trend to gauge the strength of North Carolina's labor market and broader economic conditions.
Key Facts
- North Carolina's average weekly earnings have grown by over 20% in the past decade.
- The state's private sector wages are currently about 5% below the national average.
- This metric is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Total Private in North Carolina trend measures the average weekly compensation of private sector workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic well-being and purchasing power of North Carolina's labor force, which is crucial for understanding the state's broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists often monitor this trend to gauge the strength of North Carolina's labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: This metric is released monthly by the U.S. Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in North Carolina (SMU37000000500000011), retrieved from FRED.