Average Weekly Earnings of All Employees: Education and Health Services in Connecticut
SMU09000006500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,137.74
Year-over-Year Change
39.58%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the education and health services sector in Connecticut. It provides insight into wage trends and labor market conditions 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 Average Weekly Earnings of All Employees: Education and Health Services in Connecticut is a monthly economic indicator that tracks the average weekly pay for workers in the education and health services sector in the state of Connecticut. This metric is used by economists and policymakers to assess employment dynamics and inflationary pressures in the regional labor market.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for monitoring economic conditions and informing policy decisions related to the healthcare and education industries.
Key Facts
- Connecticut's education and health services sector accounts for over 20% of the state's employment.
- Wages in this sector have grown faster than the national average over the past decade.
- The COVID-19 pandemic had a significant impact on employment and earnings in the education and healthcare industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the education and health services sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage dynamics and labor market conditions in a key industry, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for monitoring economic conditions and informing policy decisions related to the healthcare and education industries.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services in Connecticut (SMU09000006500000011A), retrieved from FRED.