Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in South Carolina
SMU45000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
946.40
Year-over-Year Change
6.25%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in South Carolina. It provides insights into wage levels and changes within this key part of the state's economy.
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: Trade, Transportation, and Utilities in South Carolina tracks the average weekly pay for workers in industries like retail, logistics, and public utilities. This metric helps economists and policymakers understand labor market conditions and trends in an important economic sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to analyze the strength of South Carolina's consumer-facing and logistics-oriented industries.
Key Facts
- South Carolina is a major transportation and logistics hub.
- Trade, transportation, and utilities account for over 20% of state GDP.
- Wages in this sector have risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly 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 metric provides insights into wage levels and changes within a key part of South Carolina's economy, helping analysts and policymakers understand labor market conditions.
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 used to analyze the strength of South Carolina's consumer-facing and logistics-oriented industries, which are important for the state's economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in South Carolina (SMU45000004000000011), retrieved from FRED.