Health Care and Social Assistance Earnings in Maine
MEEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,801,953.00
Year-over-Year Change
19.21%
Date Range
1/1/1998 - 1/1/2025
Summary
The Health Care and Social Assistance Earnings in Maine metric tracks average hourly earnings for workers in the health care and social assistance industries in the state of Maine. This data provides insights into labor costs and economic 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 measures the average hourly earnings of production and nonsupervisory employees in the health care and social assistance industries in Maine. It is a useful indicator of wage trends and labor market dynamics in the state's health services and social assistance sectors.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in health care and social assistance earnings are monitored by policymakers, businesses, and economists to understand cost pressures and the overall state of the Maine economy.
Key Facts
- Maine's health care and social assistance sector employs over 130,000 workers.
- Average hourly earnings in this industry have risen by over 20% in the past decade.
- The health care and social assistance sector accounts for nearly 20% of Maine's total employment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly earnings of production and nonsupervisory employees in the health care and social assistance industries in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: Trends in health care and social assistance earnings provide insights into labor costs and economic conditions in a key sector of the Maine economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economists monitor health care and social assistance earnings to understand cost pressures and the overall state of the Maine economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in Maine (MEEHEA), retrieved from FRED.