Educational Services Earnings in Connecticut
CTEEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,326,548.00
Year-over-Year Change
18.37%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Earnings in Connecticut trend measures average weekly earnings for workers in the educational services industry within the state. This metric provides insight into compensation levels and economic conditions in the education 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
This data series tracks the average weekly wages of employees working in educational services establishments located in the state of Connecticut. It is an important indicator of economic activity and standard of living for workers in this key industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to understand labor market dynamics and cost pressures facing the education sector in Connecticut.
Key Facts
- Connecticut educational services earnings averaged $1,355 per week in 2022.
- Earnings in this sector have risen 3.2% annually over the past 5 years.
- Education is a major employer, accounting for over 10% of Connecticut's workforce.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Earnings in Connecticut trend measures the average weekly earnings of workers employed in the educational services industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels and economic conditions in Connecticut's education sector, which is a major industry and employer in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand labor market dynamics and cost pressures facing the education sector in Connecticut.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Educational Services Earnings in Connecticut (CTEEDU), retrieved from FRED.