Average Weekly Earnings of Production Employees: Education and Health Services: Private Education and Health Services in Illinois
SMU17000006500000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
905.82
Year-over-Year Change
2.73%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average weekly earnings of production employees in the private education and health services sector in Illinois. It provides insight into compensation trends in these key service industries.
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 metric tracks the average gross pay received by hourly and salaried workers in the private education and health services industries in Illinois. This data point is used by economists and policymakers to analyze labor market conditions and wage growth patterns in these important service sectors.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to assess the economic health and labor market dynamics in Illinois.
Key Facts
- Earnings in private education and health services have risen steadily in Illinois.
- This sector accounts for a significant portion of total employment in the state.
- Wage growth in these industries can impact consumer spending and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the private education and health services sector in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into labor market conditions and wage growth patterns in key service industries, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, investors, and policymakers to assess the economic health and labor market dynamics in Illinois.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delay, providing timely information on this economic indicator.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Education and Health Services: Private Education and Health Services in Illinois (SMU17000006500000030), retrieved from FRED.