Average Weekly Earnings of Production Employees: Financial Activities: Finance and Insurance in West Virginia
SMU54000005552000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
882.69
Year-over-Year Change
1.54%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the finance and insurance industry in West Virginia. It provides important insights into the compensation levels and economic activity in this key sector.
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 Production Employees: Financial Activities: Finance and Insurance in West Virginia series tracks the average weekly earnings of workers in the finance and insurance industry within the state. This metric helps economists and policymakers assess the financial health and labor market conditions in this critical industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to monitor economic and labor market trends in the finance and insurance sector, which is an important driver of West Virginia's economy.
Key Facts
- West Virginia's finance and insurance sector employs over 20,000 workers.
- Average weekly earnings in this industry are over $1,200.
- Earnings have increased by 15% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the finance and insurance industry in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the compensation levels and economic health of a key industry in West Virginia, which is important for understanding labor market conditions and economic performance.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the financial activities sector and its contribution to West Virginia's overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay.
Similar SMU Trends
Estimate of People Under Age 5 in Poverty for West Virginia
PE0T4WV54000A647NCEN
Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for West Virginia
EMISSCO2VNGICBWVA
All Employees: Accommodation and Food Services in West Virginia
SMU54000007072000001A
Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in West Virginia
WVRENTRGSP
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in West Virginia
WVRETAILQGSP
Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in West Virginia
WVNMMPMANNGSP
Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Financial Activities: Finance and Insurance in West Virginia (SMU54000005552000030), retrieved from FRED.