Health Care and Social Assistance Earnings in Connecticut
CTEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,063,786.00
Year-over-Year Change
15.54%
Date Range
1/1/1998 - 1/1/2025
Summary
The Health Care and Social Assistance Earnings in Connecticut trend measures average weekly earnings in this key industry sector for the state. It provides important insights into labor market conditions and economic performance.
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
This series tracks the average weekly earnings of employees in the health care and social assistance industry in the state of Connecticut. It is a useful indicator of economic activity and worker compensation trends in a major service sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to understand labor market dynamics and the overall health of Connecticut's economy.
Key Facts
- Connecticut's health care and social assistance sector accounts for over 16% of total state employment.
- Average weekly earnings in this industry have risen by over 25% in the past decade.
- Wages in this sector are typically higher than the overall state average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of employees in the health care and social assistance industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and economic performance in a key service sector of Connecticut's economy.
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 analysts monitor this metric to understand labor market dynamics and the overall health of Connecticut's economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
Related Trends
All Employees: Trade, Transportation, and Utilities in Connecticut
CTTRAD
Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Connecticut
EMISSCO2VHLACBCTA
Value of Exports to Canada from Connecticut
CTCANA052SCEN
All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Connecticut
SMU09000004244400001SA
Projected Business Formations Within Eight Quarters: Total for All NAICS in Connecticut
BFPBF8QTOTALSACT
All Employees: Financial Activities: Insurance Carriers in Connecticut
SMU09000005552410001
Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in Connecticut (CTEHEA), retrieved from FRED.