Educational Services Wages and Salaries in Florida
FLWEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,434,225.00
Year-over-Year Change
25.63%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Wages and Salaries in Florida series measures the average hourly wages and salaries paid to workers in the educational services industry in the state of Florida. This economic indicator provides insight into labor costs and compensation trends within the education 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
This series represents the average hourly earnings for employees in private educational services establishments in Florida, including schools, colleges, universities, and training centers. It is a valuable metric for analyzing the state's education labor market and how it compares to national trends.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this series to monitor education sector wage dynamics and its potential impact on education costs and affordability.
Key Facts
- Florida's educational services wages have increased by 3.2% over the past year.
- The average hourly wage in Florida's educational services industry is $26.41.
- Educational services wages in Florida are 5% lower than the national average.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Wages and Salaries in Florida series measures the average hourly wages and salaries paid to workers in the educational services industry in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This series provides valuable insight into labor costs and compensation trends within the education sector in Florida, which is important for analyzing the state's education labor market and its potential impact on education costs and affordability.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to monitor education sector wage dynamics and its potential impact on education costs and affordability.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical lag of 3-4 months.
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Citation
U.S. Federal Reserve, Educational Services Wages and Salaries in Florida (FLWEDU), retrieved from FRED.