Educational Services Earnings in Pennsylvania
PAEEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,959,694.00
Year-over-Year Change
16.79%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Earnings in Pennsylvania metric tracks average hourly wages for workers in the education industry within the state. This data point is important for understanding labor market trends and compensation levels in the key Pennsylvania services 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 workers in the educational services industry in Pennsylvania. It provides insight into compensation levels and trends for a major component of the state's economy and an important public service.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and education stakeholders to analyze labor market conditions and workforce dynamics in Pennsylvania.
Key Facts
- Pennsylvania's educational services industry employs over 400,000 workers.
- Average hourly earnings in this sector exceed the overall state average wage.
- Wages have risen steadily in recent years, outpacing broader state and national trends.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Earnings in Pennsylvania metric tracks the average hourly wages for workers employed in the education industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This data point provides important insights into labor market conditions and compensation levels for a key sector of the Pennsylvania economy.
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: Economists, policymakers, and education stakeholders use this metric to analyze workforce dynamics and inform decisions related to the education industry in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Educational Services Earnings in Pennsylvania (PAEEDU), retrieved from FRED.