Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in North Carolina
SMU37000006500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,116.38
Year-over-Year Change
2.11%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all private-sector employees in the education and health services industries in North Carolina. It is a key indicator of labor market conditions and wage growth in these important service sectors.
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: Private Education and Health Services in North Carolina metric tracks the nominal dollar value of average weekly earnings for workers in the private education and health services industries across the state. This data point is widely used by economists and policymakers to assess labor market dynamics and inflationary pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this metric are closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Key Facts
- North Carolina is the 9th largest state by population.
- The education and health services sector accounts for over 700,000 jobs in North Carolina.
- Wages in this sector have grown over 4% annually in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of all private-sector employees in the education and health services industries in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market conditions and wage growth in critical service sectors within the state, which informs economic 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: Trends in this metric are closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in North Carolina (SMU37000006500000011), retrieved from FRED.