Average Weekly Earnings of All Employees: Financial Activities in Ohio
SMU39000005500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,526.69
Year-over-Year Change
1.33%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Financial Activities in Ohio' is a key economic indicator that measures the average weekly wages of workers in the financial sector in Ohio. This data provides insights into the overall health and compensation trends within Ohio's financial 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
This economic series tracks the average weekly earnings of all employees across Ohio's financial activities sector, which includes industries like banking, insurance, and securities trading. It is an important gauge of labor costs and productivity in a vital part of the state's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and growth of Ohio's financial services industry.
Key Facts
- Ohio's financial activities sector employs over 280,000 workers.
- Average weekly earnings in this sector are 25% higher than the state's overall private-sector average.
- Earnings have risen by 12% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of all employees working in Ohio's financial activities sector, including banking, insurance, and securities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs, productivity, and compensation trends within a critical industry for Ohio's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the competitiveness and growth of Ohio's financial services industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week lag from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Ohio (SMU39000005500000011), retrieved from FRED.