Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in North Dakota
SMU38000006500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,024.32
Year-over-Year Change
1.10%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the private education and health services industries in North Dakota. It provides valuable insights into the labor market and compensation trends within these key 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 Dakota metric tracks the average weekly compensation for workers in the private education and healthcare industries in the state. This data is useful for analyzing labor market dynamics, cost of living, and economic conditions within these important service sectors.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to monitor economic conditions and labor market trends.
Key Facts
- North Dakota has a large private education and healthcare sector.
- Average weekly earnings in this industry have risen steadily over time.
- Tracking this metric helps understand economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the private education and health services industries in North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into labor market dynamics, compensation trends, and economic conditions within these key service sectors in North Dakota.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to monitor economic conditions and labor market trends in North Dakota.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis with a short delay.
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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 Dakota (SMU38000006500000011), retrieved from FRED.