Average Weekly Earnings of Production Employees: Financial Activities in Ohio
SMU39000005500000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,126.39
Year-over-Year Change
2.20%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the financial activities sector in Ohio. It provides important insights into the labor market and compensation trends in a 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 Production Employees: Financial Activities in Ohio tracks the nominal wages of workers in the financial services, insurance, and real estate industries within the state. This metric is a key indicator of economic conditions and worker productivity in Ohio's financial sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and financial analysts to understand labor market dynamics and cost pressures in Ohio's finance industry.
Key Facts
- Wages in Ohio's financial sector have risen 3.2% over the past year.
- Financial activities account for over 6% of Ohio's total employment.
- Average weekly earnings in this sector are 27% higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the financial activities sector in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and compensation trends within a key industry in Ohio's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and financial analysts use this trend to understand labor market dynamics and cost pressures in Ohio's finance industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Financial Activities in Ohio (SMU39000005500000030), retrieved from FRED.