Health Care and Social Assistance Wages and Salaries in Montana
MTWHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,131,559.00
Year-over-Year Change
22.42%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Health Care and Social Assistance Wages and Salaries in Montana' metric tracks changes in average weekly wages and salaries for workers in the healthcare and social assistance industries in the state of Montana. This data provides insights into the economic conditions and labor trends within a key sector of the state's economy.
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 measures the average weekly wages and salaries paid to workers in the healthcare and social assistance industries in Montana. It is a valuable indicator of economic activity, labor market conditions, and cost pressures in this vital sector, which is a major employer and service provider in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and viability of Montana's healthcare industry.
Key Facts
- Montana's healthcare sector employs over 70,000 workers.
- Average weekly wages in this industry are about $950.
- Wages have grown by 4% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly wages and salaries paid to workers in the healthcare and social assistance industries in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the economic conditions and labor market trends within a key sector of Montana's economy, which is a major employer and service provider in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and viability of Montana's healthcare industry.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag and may be subject to revisions.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Wages and Salaries in Montana (MTWHEA), retrieved from FRED.