Average Weekly Earnings of All Employees: Total Private in Ohio
SMU39000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,128.46
Year-over-Year Change
4.83%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Total Private in Ohio measure the average weekly earnings of private sector workers in the state of Ohio. This metric is a key economic indicator that provides insights into wage trends and can inform policy decisions.
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 data series tracks the average weekly earnings for all private sector employees in Ohio, including wages, salaries, commissions, and bonuses. It is a valuable indicator of the overall economic health and living standards in the state, as changes in weekly earnings can signal shifts in employment, inflation, and consumer purchasing power.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the economic conditions and cost of living in Ohio and make informed decisions regarding employment, taxation, and social programs.
Key Facts
- Ohio's average weekly earnings were $1,019 in January 2023.
- Weekly earnings have increased by 4.2% over the past year in Ohio.
- The state's private sector employment has grown by 2.1% in the last 12 months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all private sector employees in the state of Ohio, including wages, salaries, commissions, and bonuses.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic health and living standards in Ohio, as changes in weekly earnings can signal shifts in employment, inflation, and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the economic conditions and cost of living in Ohio and make informed decisions regarding employment, taxation, and social programs.
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: Total Private in Ohio (SMU39000000500000011), retrieved from FRED.