Educational Services Earnings in Minnesota
MNEEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,178,168.00
Year-over-Year Change
12.24%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Earnings in Minnesota trend measures average hourly earnings for workers in the educational services sector within the state of Minnesota. This metric is important for economists and policymakers to gauge labor market conditions and wage growth in a key industry.
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 Educational Services Earnings in Minnesota series tracks the average hourly earnings of employees in private educational services establishments located in the state of Minnesota. This provides insight into compensation levels and trends within the education industry, which is a major employer and economic driver in the state.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in educational services earnings are closely monitored by policymakers, employers, and labor market analysts to inform decisions around education funding, workforce planning, and economic development.
Key Facts
- Minnesota's educational services sector employs over 200,000 workers.
- Earnings in this industry have grown by 15% over the past 5 years.
- Educational services are a top 5 employment sector in the state.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Earnings in Minnesota trend measures the average hourly earnings of employees working in private educational services establishments located within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into compensation levels and trends within a key industry and major employer in the Minnesota economy, which is valuable information for policymakers, businesses, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in educational services earnings are closely monitored by policymakers to inform decisions around education funding, workforce planning, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Educational Services Earnings in Minnesota (MNEEDU), retrieved from FRED.