Average Hourly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Indiana
SMU18000006562000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.19
Year-over-Year Change
3.93%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production workers in the health care and social assistance sector in Indiana. It provides insights into labor costs and wage dynamics 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 Average Hourly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Indiana is a key labor market indicator that tracks changes in compensation for workers in the health care and social assistance industry within the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and industry analysts to assess economic conditions and labor market trends.
Key Facts
- Indiana health care and social assistance sector employs over 400,000 workers.
- Average hourly earnings in this industry exceed the state's overall private sector average.
- Wages have risen steadily in recent years, outpacing national trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production workers employed in the health care and social assistance sector within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and wage dynamics in a key industry, which is crucial for assessing economic conditions and making informed policy decisions.
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: This trend is closely watched by policymakers, economists, and industry analysts to evaluate labor market conditions and inform economic policies.
Q: Are there update delays or limitations?
A: The data is subject to typical release schedules and revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Indiana (SMU18000006562000008), retrieved from FRED.