Average Weekly Earnings of Production Employees: Education and Health Services: Ambulatory Health Care Services in Minnesota
SMU27000006562100030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,342.09
Year-over-Year Change
3.96%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the ambulatory health care services industry in Minnesota. It provides insights into wage dynamics in a key healthcare sector.
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 Production Employees: Education and Health Services: Ambulatory Health Care Services in Minnesota metric tracks changes in compensation for workers in outpatient medical facilities across the state. This data point is used by economists and policymakers to analyze labor market conditions and trends in the healthcare industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend can inform workforce and healthcare policy decisions at state and local levels.
Key Facts
- Ambulatory healthcare is a major industry in Minnesota.
- Wages in this sector can impact healthcare costs and access.
- Trends in production worker earnings reflect broader labor market dynamics.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of production employees in the ambulatory healthcare services industry in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into compensation and labor market conditions within a key healthcare sector, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This earnings trend can inform workforce and healthcare policy decisions at the state and local level.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and sampling methodologies of the underlying BLS employer surveys.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Education and Health Services: Ambulatory Health Care Services in Minnesota (SMU27000006562100030), retrieved from FRED.