Average Hourly Earnings of All Employees: Financial Activities in North Carolina
SMU37000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.26
Year-over-Year Change
8.59%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the financial activities sector in North Carolina. It provides insight into wage growth and labor market conditions in this important 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 Hourly Earnings of All Employees: Financial Activities in North Carolina is a key indicator used by economists and policymakers to understand trends in worker compensation and the financial services job market within the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched for its implications on consumer spending, inflation, and the overall health of North Carolina's economy.
Key Facts
- North Carolina is a major financial hub in the Southeast U.S.
- Wages in the financial sector tend to be higher than the state average.
- This data series dates back to 2006.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees working in the financial activities sector in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and labor market conditions in North Carolina's important financial services industry, which has implications for consumer spending, inflation, and the overall state 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: This trend is closely watched by economists, policymakers, and market analysts for its insights into the financial sector's contribution to North Carolina's economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month delay.
Similar SMU Trends
Estimated Percent of People of All Ages in Poverty for North Carolina
PPAANC37000A156NCEN
Regional Price Parities: All Items for North Carolina
NCRPPALL
State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in North Carolina
NCOTHSLSTAX
Insured Unemployment Rate in North Carolina
NCINSUREDUR
Gross Domestic Product: Water Transportation (483) in North Carolina
NCWATTRANNGSP
All Employees: Other Services: Personal and Laundry Services in North Carolina
SMU37000008081200001
Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in North Carolina (SMU37000005500000003), retrieved from FRED.