Educational Services Wages and Salaries in North Carolina
NCWEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,621,336.00
Year-over-Year Change
29.47%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Wages and Salaries in North Carolina index tracks changes in compensation for workers in the education sector across the state. This metric provides insights into labor costs and economic conditions within the local education 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 Wages and Salaries in North Carolina index is a regional economic indicator that measures changes in the average hourly wages and salaries of workers employed in the education services sector in the state. This data is used by analysts and policymakers to monitor trends in education industry compensation and labor costs.
Methodology
The data is collected through surveys of private and public sector employers by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in educational services wages and salaries can inform policy decisions around education funding, teacher compensation, and economic development initiatives.
Key Facts
- The index has a base year of 2012 = 100.
- North Carolina's educational services wages grew 3.2% in 2021.
- The education sector employs over 350,000 workers in North Carolina.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Wages and Salaries in North Carolina index tracks changes in the average hourly wages and salaries of workers employed in the education services sector across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and economic conditions within the local education industry, which is important for analysts, policymakers, and education stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private and public sector employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in educational services wages and salaries can inform policy decisions around education funding, teacher compensation, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, Educational Services Wages and Salaries in North Carolina (NCWEDU), retrieved from FRED.