Educational Services Earnings in Idaho
IDEEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,006,858.00
Year-over-Year Change
21.03%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Educational Services Earnings in Idaho' tracks the average weekly earnings for workers in the educational services industry in the state of Idaho. This metric provides insight into the compensation levels and economic conditions 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 trend represents the average weekly earnings for employees working in the educational services industry in Idaho. It is a key indicator of economic well-being and compensation levels for workers in the education field, which is an important sector for the state's economy and labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and economists monitor this trend to gauge the financial health and competitiveness of Idaho's education industry.
Key Facts
- Idaho's educational services earnings have grown by 18% over the past 5 years.
- The average weekly wage for educational services in Idaho is $800, slightly below the national average.
- Education is one of Idaho's largest employment sectors, accounting for over 8% of the state's workforce.
FAQs
Q: What does this economic trend measure?
A: The 'Educational Services Earnings in Idaho' trend measures the average weekly earnings of workers employed in the educational services industry within the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the compensation levels and economic conditions within Idaho's education sector, which is a key industry for the state's economy and labor market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the financial health and competitiveness of Idaho's education industry, which informs policy decisions and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Educational Services Earnings in Idaho (IDEEDU), retrieved from FRED.