Average Weekly Earnings of All Employees: Education and Health Services in Montana
SMU30000006500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,192.98
Year-over-Year Change
58.70%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Education and Health Services in Montana' trend measures the average weekly wages for workers in the education and health services sector in the state of Montana. This metric is a key indicator of economic conditions and labor market dynamics 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
This data series tracks the average weekly earnings of all employees working in the education and health services sector in Montana. It provides insights into compensation levels and trends for a significant portion of the state's workforce, which can inform economic analysis and policy decisions.
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 analysts use this metric to assess the economic health of Montana's education and healthcare industries and their contribution to the state's overall economic performance.
Key Facts
- Montana's education and health services sector employs over 100,000 workers.
- Average weekly earnings in this sector are approximately $900.
- Wages have increased by 3% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the education and health services sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into compensation levels and trends for a significant portion of Montana's workforce, which can inform economic analysis and policy decisions.
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 analysts use this metric to assess the economic health of Montana's education and healthcare industries and their contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: This data is published monthly 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 in Montana (SMU30000006500000011A), retrieved from FRED.