All Employees: Information: Telecommunications in North Carolina
Monthly, Seasonally Adjusted
SMU37000005051700001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.84
Year-over-Year Change
-1.54%
Date Range
1/1/1990 - 7/1/2025
Summary
The Monthly, Seasonally Adjusted series measures the average hourly earnings of production and nonsupervisory employees in the Mining and Logging sector. It provides insights into wage trends and labor costs, which are key indicators for economists and policymakers.
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 hourly earnings for production and nonsupervisory workers in the Mining and Logging industry, which includes oil and gas extraction, coal mining, and related activities. Monitoring wage changes helps assess labor market conditions and inflationary pressures.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the strength of the labor market and inflationary trends within the Mining and Logging sector.
Key Facts
- Mining and Logging is a relatively small but economically significant sector.
- Wages in this sector are typically higher than the national average.
- The data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of production and nonsupervisory employees in the Mining and Logging sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Tracking wage changes in the Mining and Logging sector provides insights into labor market conditions and inflationary pressures, which are important for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of the labor market and inflationary trends within the Mining and Logging sector, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with no significant delays.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU37000005051700001SA), retrieved from FRED.