Average Weekly Earnings of All Employees: Private Service Providing in North Carolina
SMU37000000800000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,109.05
Year-over-Year Change
4.91%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic indicator measures the average weekly earnings of all private service-providing employees in North Carolina. It provides insights into wage trends and the state's service sector labor market.
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: Private Service Providing in North Carolina tracks the average weekly earnings of workers in the private service-providing industries across the state. This metric is used by economists and policymakers to monitor employment income levels and gauge the overall health of the service sector within North Carolina's economy.
Methodology
The data is collected through surveys of private employers in North Carolina and calculated as a monthly average.
Historical Context
This economic indicator is relevant for analyzing North Carolina's labor market conditions and informing economic and workforce development policies.
Key Facts
- North Carolina is a major center for private service-providing industries.
- Average weekly earnings in this sector have risen steadily over the past decade.
- The data is released monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average weekly earnings of all private service-providing employees in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage levels and trends within North Carolina's service sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers in North Carolina and calculated as a monthly average.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to monitor employment income levels and inform workforce development and economic policies in North Carolina.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in North Carolina (SMU37000000800000011), retrieved from FRED.