Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Alabama
SMU01000006500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.10
Year-over-Year Change
2.87%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average hourly earnings of all private sector employees in the education and health services industries in Alabama. It provides valuable insights into labor market conditions and cost pressures in these crucial economic sectors.
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 average hourly earnings metric tracks changes in the typical hourly wage paid to workers in private education and health services establishments in Alabama. This data is used by economists and policymakers to monitor wage growth, labor market tightness, and inflationary pressures.
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 average hourly earnings inform Federal Reserve and state policy decisions related to employment, inflation, and the broader economic outlook.
Key Facts
- Alabama's private education and health services sector employs over 335,000 workers.
- Average hourly earnings in this sector have risen by 25% over the past decade.
- Wage growth has outpaced the overall Alabama private sector average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all private sector employees in the education and health services industries in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market conditions and cost pressures in two crucial economic sectors, which is valuable information for economists, policymakers, and business analysts.
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: Trends in average hourly earnings inform Federal Reserve and state policy decisions related to employment, inflation, and the broader economic outlook.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Alabama (SMU01000006500000003), retrieved from FRED.