Average Weekly Earnings of All Employees: Education and Health Services in Arkansas
SMU05000006500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
991.24
Year-over-Year Change
61.09%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Education and Health Services in Arkansas' tracks the average weekly wages for workers in the education and health services sector in Arkansas. This economic indicator provides insights into the state's labor market dynamics and cost of living trends.
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 data series measures the average weekly earnings for all employees in the education and health services industry in Arkansas. It is a useful barometer for understanding employment conditions, wage growth, and cost-of-living pressures in this key economic sector at the state level.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This wage trend helps inform state-level economic and workforce policies aimed at supporting the education and healthcare industries.
Key Facts
- Arkansas's education and health services sector employs over 200,000 workers.
- Average weekly earnings in this sector exceed the state's overall private-sector average.
- Wages have grown steadily in recent years, reflecting demand for skilled labor.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average weekly earnings for all employees in the education and health services industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This wage trend provides insights into employment conditions, labor costs, and cost-of-living dynamics in a key sector of Arkansas's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This wage trend helps inform state-level economic and workforce policies aimed at supporting the education and healthcare industries in Arkansas.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services in Arkansas (SMU05000006500000011A), retrieved from FRED.