Health Care and Social Assistance Earnings in Indiana
INEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,564,597.00
Year-over-Year Change
13.50%
Date Range
1/1/1998 - 1/1/2025
Summary
The Health Care and Social Assistance Earnings in Indiana trend measures the average weekly earnings for workers in the health care and social assistance industry in the state of Indiana. This metric is an important indicator of economic activity and labor market conditions in a key 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 series tracks the average weekly earnings for employees in the health care and social assistance industry, which includes hospitals, nursing and residential care facilities, and social assistance providers. It provides insight into compensation levels and trends in a major component of the Indiana economy.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to assess the economic health and labor market dynamics of the health services industry in Indiana.
Key Facts
- Health care is a major industry in Indiana, accounting for over 300,000 jobs.
- Average weekly earnings in the sector have grown by over 20% in the past decade.
- Indiana's health care earnings are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Health Care and Social Assistance Earnings in Indiana trend measures the average weekly earnings for workers in the health care and social assistance industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels and trends in a major component of the Indiana economy, which is important for assessing the health and dynamics of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the economic health and labor market dynamics of the health services industry in Indiana.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in Indiana (INEHEA), retrieved from FRED.