Administrative and Waste Services Earnings in Utah
UTEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,228,784.00
Year-over-Year Change
19.46%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Earnings in Utah metric tracks wages and salaries paid to workers in the administrative and waste services industry within the state of Utah. This economic indicator provides insights into the labor market and productivity trends in a key service 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 Administrative and Waste Services Earnings in Utah series measures the total compensation, including wages and salaries, paid to employees in firms that provide administrative, support, waste management, and remediation services. This data helps analysts assess the economic health and growth of Utah's service industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to understand labor market dynamics and productivity in Utah's administrative and waste services sector.
Key Facts
- Utah's administrative and waste services sector employs over 70,000 workers.
- Earnings in this industry have grown by 3.2% annually over the past 5 years.
- The administrative and waste services sector accounts for 5.2% of Utah's GDP.
FAQs
Q: What does this economic trend measure?
A: The Administrative and Waste Services Earnings in Utah metric tracks total compensation, including wages and salaries, paid to workers in firms providing administrative, support, waste management, and remediation services within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and productivity trends in a key service sector of Utah's economy, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand labor market dynamics and productivity in Utah's administrative and waste services sector, which informs economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Utah (UTEADM), retrieved from FRED.