Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Ohio
SMU39000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
979.41
Year-over-Year Change
3.34%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Ohio. It provides insights into wage trends and labor market conditions in this key 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 Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Ohio metric tracks changes in the average weekly pay for workers in this sector across the state. It is used by economists and policymakers to analyze labor market dynamics and evaluate the strength of the regional economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by businesses, analysts, and government officials to understand consumer demand, supply chain pressures, and the overall health of Ohio's economy.
Key Facts
- Ohio's trade, transportation, and utilities sector employs over 1 million workers.
- Average weekly earnings in this sector have increased by 25% over the past decade.
- The sector accounts for nearly 20% of Ohio's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the trade, transportation, and utilities sector across the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into wage growth and labor market conditions in a critical industry for Ohio's economy, which can inform business decisions and economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess consumer demand, supply chain issues, and the overall health of Ohio's regional economy, which can inform decisions on infrastructure investment, workforce development, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Ohio (SMU39000004000000011), retrieved from FRED.