Educational Services Wages and Salaries in Missouri
MOWEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,324,786.00
Year-over-Year Change
6.88%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Wages and Salaries in Missouri trend measures changes in wages and salaries for workers in the educational services industry within the state of Missouri. It provides insight into the labor market and compensation levels for this important economic 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 tracks the average hourly earnings of non-farm employees in the educational services industry in Missouri. It is a key indicator of compensation trends and workforce dynamics in the state's education sector, which is a major employer and driver of economic activity.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend helps policymakers and economists understand the state's education labor market and its implications for the broader economy.
Key Facts
- Educational services is a major industry in Missouri, employing over 200,000 workers.
- Wages in this sector grew by 3.2% in the past year.
- Missouri's educational services wages are slightly below the national average.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Wages and Salaries in Missouri trend measures changes in the average hourly earnings of non-farm employees in the educational services industry within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into compensation levels and workforce dynamics in Missouri's education sector, which is a major driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps policymakers and economists understand the state's education labor market and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The Educational Services Wages and Salaries in Missouri data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Educational Services Wages and Salaries in Missouri (MOWEDU), retrieved from FRED.