Health Care and Social Assistance Earnings in South Carolina
SCEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,669,825.00
Year-over-Year Change
27.08%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures earnings in the health care and social assistance sector in South Carolina. It provides valuable insights into labor market conditions and economic activity in this key industry.
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
The Health Care and Social Assistance Earnings in South Carolina indicator tracks the average weekly earnings of workers in the health care and social assistance industry within the state. This metric is used by economists and policymakers to analyze employment, wage, and productivity trends in a vital component of the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend helps inform decisions around economic and workforce development policies.
Key Facts
- Health care is a major industry in South Carolina, employing over 250,000 workers.
- Average weekly earnings in this sector have risen by over 20% in the past decade.
- The health care industry accounts for 13% of South Carolina's total GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly earnings of workers in the health care and social assistance industry within South Carolina.
Q: Why is this trend relevant for users or analysts?
A: Monitoring earnings in this key sector provides insights into labor market conditions, wage trends, and overall economic activity in South Carolina.
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: Tracking this metric helps inform decisions around economic and workforce development policies in South Carolina.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in South Carolina (SCEHEA), retrieved from FRED.