Average Hourly Earnings of All Employees: Financial Activities in Oregon
SMU41000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.05
Year-over-Year Change
7.08%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Financial Activities in Oregon is an economic indicator that tracks changes in the average hourly wage for workers in the financial sector within the state of Oregon. This metric provides insight into labor costs and productivity 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
This series measures the average hourly earnings of all employees in the financial activities sector in Oregon. It is a key indicator of employment conditions and compensation levels in the state's financial services industry, which includes banking, insurance, real estate, and other finance-related businesses.
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 use this metric to assess the strength of Oregon's financial sector and its contribution to the broader state economy.
Key Facts
- Oregon's financial activities sector employs over 90,000 workers.
- Average hourly earnings in this sector are 30% higher than the statewide average.
- The financial activities industry accounts for 5% of Oregon's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in Oregon's financial activities sector, including banking, insurance, real estate, and other finance-related businesses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and productivity trends in a key industry, helping policymakers and economists assess the strength of Oregon's financial sector and its contribution to the broader state 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 use this metric to evaluate the financial activities industry's performance and its impact on Oregon's overall economic conditions.
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 Hourly Earnings of All Employees: Financial Activities in Oregon (SMU41000005500000003), retrieved from FRED.