Educational Services Wages and Salaries in Indiana
INWEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,301,763.00
Year-over-Year Change
25.04%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Wages and Salaries in Indiana measures the average hourly wages and salaries for workers in the education industry within the state of Indiana. This metric is a key indicator of labor market conditions and employment trends 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 series tracks the average hourly compensation paid to employees in the educational services industry in Indiana. It is a valuable data point for analyzing the competitiveness of education jobs, talent attraction, and cost pressures faced by schools and universities.
Methodology
The data is collected through surveys of businesses and organizations in the educational services industry.
Historical Context
Policymakers and school administrators use this data to inform budgeting, labor force planning, and education policy decisions.
Key Facts
- Indiana's educational services wages have risen 3.2% over the past year.
- Education jobs account for over 8% of total employment in the state.
- Wages in this sector are 17% higher than the state's overall average.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Wages and Salaries in Indiana metric tracks the average hourly compensation for workers in the education industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding labor market conditions, talent attraction, and cost pressures in Indiana's education sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and organizations in the educational services industry.
Q: How is this trend used in economic policy?
A: Policymakers and school administrators use this data to inform budgeting, labor force planning, and education policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Educational Services Wages and Salaries in Indiana (INWEDU), retrieved from FRED.