Average Weekly Earnings of All Employees: Leisure and Hospitality in North Carolina
SMU37000007000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
517.63
Year-over-Year Change
5.81%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the leisure and hospitality industry in North Carolina. It provides insight into compensation levels and cost-of-living changes for a significant sector of the state's economy.
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: Leisure and Hospitality in North Carolina series tracks the mean weekly earnings for workers in the leisure and hospitality industry, which includes hotels, restaurants, arts, entertainment, and recreation. This metric is used to analyze labor market trends and assess the economic health of the leisure and tourism sectors.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to understand consumer spending patterns and the overall strength of the North Carolina economy.
Key Facts
- North Carolina's leisure and hospitality industry employs over 500,000 workers.
- Average weekly earnings in this sector are typically lower than the statewide average.
- Earnings in this industry can be sensitive to seasonal fluctuations and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the leisure and hospitality industry in North Carolina, including hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels and cost-of-living changes for a significant sector of North Carolina's economy, which is important for understanding consumer spending patterns and the overall strength of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand consumer spending patterns and the overall strength of the North Carolina economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Leisure and Hospitality in North Carolina (SMU37000007000000011), retrieved from FRED.