Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Alabama
SMU01000006500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,030.88
Year-over-Year Change
2.77%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the private education and health services sector in Alabama. It provides insight into wage trends and labor market conditions in this important 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 Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Alabama series tracks the average weekly pay for workers in Alabama's private education and healthcare industries. This metric is widely used by economists and policymakers to monitor labor market dynamics and broader economic conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly earnings can inform decisions around employment, workforce development, and economic policy.
Key Facts
- Alabama's private education and health services sector employs over 300,000 people.
- Average weekly earnings in this sector have increased by 25% over the past decade.
- Wages in Alabama's private education and health services lag the national average by around 10%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in Alabama's private education and health services sector.
Q: Why is this trend relevant for users or analysts?
A: Tracking wages in this key industry provides insights into labor market conditions and can inform economic and workforce policy decisions.
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 average weekly earnings in this sector are monitored by policymakers, economists, and industry analysts to gauge labor market dynamics and broader economic health.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. It may not capture all types of compensation beyond base wages.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Alabama (SMU01000006500000011), retrieved from FRED.