Educational Services Wages and Salaries in Utah
UTWEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,772,508.00
Year-over-Year Change
20.10%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Wages and Salaries in Utah measures the average hourly wages and salaries for workers in the educational services industry within the state of Utah. This metric provides insights into compensation trends for educators and other school personnel.
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 series tracks the average hourly wage and salary levels for employees in Utah's educational services sector, which includes public and private schools, colleges, universities, and other educational institutions. It is a key economic indicator used by policymakers, economists, and school administrators to analyze workforce compensation and competitiveness.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Educational Services Wages and Salaries in Utah are closely monitored by state and local governments to inform education funding, teacher recruitment and retention policies.
Key Facts
- Utah's educational services wages are above the national average.
- Wages have risen steadily over the past decade.
- Salaries are a key factor in teacher shortages in some Utah school districts.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Wages and Salaries in Utah measures the average hourly compensation for workers in the state's education sector, including teachers, administrators, and support staff.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the competitiveness of educator pay in Utah, which impacts teacher recruitment, retention, and the quality of education services.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and local governments in Utah use this data to inform education funding decisions, teacher compensation policies, and strategies to address teacher shortages.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Educational Services Wages and Salaries in Utah (UTWEDU), retrieved from FRED.