Health Care and Social Assistance Earnings in Alabama
ALEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,253,524.00
Year-over-Year Change
16.29%
Date Range
1/1/1998 - 1/1/2025
Summary
The Health Care and Social Assistance Earnings in Alabama trend measures the average weekly earnings of workers in the health care and social assistance industry in the state of Alabama. This metric is an important indicator of economic conditions and labor market trends in the healthcare sector.
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 Health Care and Social Assistance Earnings in Alabama data series tracks the average weekly earnings for employees in the health care and social assistance industry, which includes hospitals, nursing homes, child care facilities, and other healthcare-related organizations. This measure provides insight into wage growth, labor costs, and industry profitability within a key sector of the Alabama economy.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the overall health and competitiveness of Alabama's healthcare sector.
Key Facts
- Alabama's health care and social assistance sector employs over 300,000 workers.
- Average weekly earnings in this industry have risen by 25% over the past decade.
- The health care and social assistance industry accounts for 15% of Alabama's total employment.
FAQs
Q: What does this economic trend measure?
A: The Health Care and Social Assistance Earnings in Alabama trend measures the average weekly earnings of workers in the health care and social assistance industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into wage growth, labor costs, and industry profitability within a key sector of the Alabama economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the overall health and competitiveness of Alabama's healthcare sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-3 week delay from the reference period.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in Alabama (ALEHEA), retrieved from FRED.