Administrative and Waste Services Earnings in West Virginia
This dataset tracks administrative and waste services earnings in west virginia over time.
Latest Value
2250025.00
Year-over-Year Change
6.10%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures average weekly earnings in the administrative and waste services industry in West Virginia. It provides insights into labor market conditions and economic activity in this important 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 West Virginia series tracks the average weekly earnings of workers in industries such as office administration, facilities support, waste collection, and remediation services. This metric offers a snapshot of compensation trends and can inform analysis of broader economic conditions in the state.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the health of West Virginia's service-providing industries and their contribution to the state's overall economic performance.
Key Facts
- The average weekly earnings in this sector were $637 as of the latest data.
- Administrative and waste services account for over 6% of total employment in West Virginia.
- This industry has seen steady growth in earnings over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers in the administrative and waste services industry in West Virginia. It provides insights into compensation levels and labor market conditions in this important service sector.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable information about a key component of West Virginia's economy, helping analysts and policymakers assess the health and performance of the state's service-providing industries.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand labor market conditions and economic activity in West Virginia's administrative and waste services sector, which can inform policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a several-month delay between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in West Virginia (WVEADM), retrieved from FRED.