Average Weekly Earnings of All Employees: Financial Activities in Oregon
SMU41000005500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,415.96
Year-over-Year Change
53.98%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Financial Activities in Oregon' measures the average weekly wages for financial sector workers in Oregon. This metric provides insight into the economic health and labor market dynamics of the state'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 in the financial activities sector in Oregon. It is a key indicator of compensation trends and labor costs within the state's financial services industry, which is an important driver of the local economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess financial sector performance and its broader economic implications.
Key Facts
- Oregon's financial sector employs over 100,000 workers.
- Average weekly earnings in Oregon's financial activities sector are 25% higher than the state's overall private sector average.
- Wages in Oregon's financial industry have grown by 3.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of all employees in the financial activities sector in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels and labor market dynamics within Oregon's important financial services industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance and economic implications of Oregon's financial sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Oregon (SMU41000005500000011A), retrieved from FRED.