Educational Services Wages and Salaries in Montana
MTWEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
261,814.00
Year-over-Year Change
23.66%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Wages and Salaries in Montana trend measures changes in average hourly earnings for workers in the educational services industry in the state of Montana. This metric is important for understanding labor market conditions and compensation trends in 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 tracks the average hourly wages and salaries paid to employees in the educational services industry in Montana. It provides insights into compensation levels and changes over time, which are key indicators for policymakers, educators, and labor market analysts.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Wage and salary data for the educational services sector is used to inform education policy, workforce planning, and economic research.
Key Facts
- Montana's educational services wages have risen 15% over the past 5 years.
- The educational services industry employs over 30,000 workers in Montana.
- Wages in Montana's educational services sector are 8% below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages and salaries paid to workers in the educational services industry in Montana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into compensation levels and changes in the education sector, which is important for understanding labor market conditions and informing education policy.
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: Wage and salary data for the educational services sector is used to inform education policy, workforce planning, and economic research.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks before the latest figures are available.
Related Trends
Net Earnings by Place of Residence in Montana
MTENET
All Employees: Education and Health Services: Educational Services in Montana
SMU30000006561000001A
Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Montana
MTOTRANEQMANRGSP
Housing Inventory: Price Reduced Count Year-Over-Year in Montana
PRIREDCOUYYMT
Real Gross Domestic Product: Paper Manufacturing (322) in Montana
MTPAPMANRGSP
Chain-Type Quantity Index for Real GDP: Printing and Related Support Activities (323) in Montana
MTPRNTQGSP
Citation
U.S. Federal Reserve, Educational Services Wages and Salaries in Montana (MTWEDU), retrieved from FRED.