Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Connecticut
SMU09000006500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,199.13
Year-over-Year Change
6.18%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the private education and health services sector in Connecticut. It provides insights into wage trends and labor market conditions in this important 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 Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Connecticut metric tracks the mean weekly pay for workers in Connecticut's private education and healthcare industries. This data point is a key indicator of compensation and economic activity in these vital service sectors.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the economic health and wage dynamics of Connecticut's private education and health services industries.
Key Facts
- Earnings in Connecticut's private education and health sectors make up over 15% of the state's total private employment.
- Real average weekly earnings in this industry have risen by over 20% in the past decade.
- The private education and health services sector is one of the largest and fastest-growing employers in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the private education and health services sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data point provides important insights into wage and compensation dynamics in Connecticut's vital education and healthcare industries, which are major contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the economic health and wage conditions in Connecticut's private education and health services sectors.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Connecticut (SMU09000006500000011), retrieved from FRED.