Educational Services Earnings in Ohio
OHEEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,848,842.00
Year-over-Year Change
19.41%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Earnings in Ohio trend measures average weekly earnings for workers in the educational services industry in the state of Ohio. This metric is important for economists and policymakers to track regional labor market conditions and cost of living factors.
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 Educational Services Earnings in Ohio series provides a snapshot of wage levels for employees in the education sector across the state. This data can be used to analyze regional competitiveness, guide compensation decisions, and evaluate the economic health of Ohio's education industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and education stakeholders use this trend to inform workforce and budgeting decisions.
Key Facts
- Ohio's educational services earnings averaged $1,071 per week in 2022.
- Earnings in this sector have risen 15% over the past 5 years.
- Ohio's educational services wages are 8% below the national average.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Earnings in Ohio trend measures average weekly wages for workers employed in the educational services industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into regional labor market conditions and cost of living factors for Ohio's education sector, which is crucial information for policymakers, school administrators, and workforce analysts.
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 education stakeholders use this trend to inform workforce planning, compensation decisions, and budgeting for Ohio's education system.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may have a 1-2 month lag period before publication.
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Citation
U.S. Federal Reserve, Educational Services Earnings in Ohio (OHEEDU), retrieved from FRED.