Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in South Carolina
SMU45000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
4.36%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in South Carolina. It provides insights into wage dynamics and cost pressures in this 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 Hourly Earnings of All Employees: Trade, Transportation, and Utilities in South Carolina is an important economic indicator that tracks the average hourly wages paid to workers in this sector. It offers insights into the labor market conditions and cost of doing business in the state.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand the state's economic performance and cost environment.
Key Facts
- South Carolina is a major hub for trade, transportation, and utilities.
- Wages in this sector have grown steadily in recent years.
- The trend is a key indicator of the state's economic vitality.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market conditions and cost of doing business in a critical industry within the state, making it relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to understand the state's economic performance and cost environment.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a short delay in reporting.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in South Carolina (SMU45000004000000003), retrieved from FRED.