Average Hourly Earnings of All Employees: Education and Health Services in Montana
SMU30000006500000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.40
Year-over-Year Change
57.75%
Date Range
1/1/2007 - 1/1/2024
Summary
This trend measures the average hourly earnings for all employees in the education and health services sector in Montana. It provides important insights into labor market conditions and wage growth in a 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 Hourly Earnings of All Employees: Education and Health Services in Montana is a metric that tracks the typical hourly pay for workers in the education and healthcare industries within the state. It serves as a valuable indicator of economic conditions and inflationary pressures.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the labor market and the potential for wage-driven inflation.
Key Facts
- Montana's education and health services sector employs over 100,000 workers.
- Average hourly earnings in this sector have risen by 20% over the past decade.
- Wages in this industry are typically higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in the education and health services sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor market conditions and wage growth in a key industry, which is useful for policymakers and economists in assessing economic performance and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the strength of the labor market and the potential for wage-driven inflation.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Education and Health Services in Montana (SMU30000006500000003A), retrieved from FRED.