Average Weekly Earnings of All Employees: Professional and Business Services in Oregon
SMU41000006000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,502.97
Year-over-Year Change
71.88%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the professional and business services sector in Oregon. It provides insight into the labor market and economic conditions in the state.
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: Professional and Business Services in Oregon is a key indicator that tracks the average weekly earnings of workers in the professional and business services industry within the state. This data point is widely used by economists, policymakers, and businesses to analyze labor market trends and assess the economic health of the Oregon professional services sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This trend is relevant for understanding the strength of the Oregon economy and can inform policy decisions and business strategies.
Key Facts
- The series dates back to 2007.
- Oregon's professional and business services sector accounts for over 300,000 jobs.
- Average weekly earnings in this sector have increased by over 25% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the professional and business services sector in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the strength of the labor market and economic conditions in Oregon's professional 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 by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the Oregon economy and inform decisions related to economic development, workforce planning, and business investment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Oregon (SMU41000006000000011A), retrieved from FRED.