Health Care and Social Assistance Wages and Salaries in Washington
WAWHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,230,398.00
Year-over-Year Change
26.41%
Date Range
1/1/1998 - 1/1/2025
Summary
The Health Care and Social Assistance Wages and Salaries in Washington trend measures earnings in this important industry, providing insights into economic conditions and labor market dynamics.
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 total wages and salaries paid to employees in the health care and social assistance sector in the state of Washington. It is a key indicator of economic activity and labor market strength in a critical service industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Historical Context
Policymakers and analysts use this metric to gauge the health of Washington's health services industry and broader economic trends.
Key Facts
- Washington's health care sector accounts for over 12% of total state employment.
- Wages in this industry have grown over 4% annually in recent years.
- The COVID-19 pandemic significantly impacted health care employment and earnings in 2020.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total wages and salaries paid to employees in the health care and social assistance sector in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the economic conditions and labor market dynamics of a critical service industry in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of Washington's health services industry and broader economic trends.
Q: Are there update delays or limitations?
A: The data is published with a lag and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Wages and Salaries in Washington (WAWHEA), retrieved from FRED.