Average Weekly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Indiana
SMU18000006562000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,010.56
Year-over-Year Change
3.93%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the health care and social assistance industry in Indiana. It provides insights into the state's labor market and economic conditions within the healthcare 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
The Average Weekly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Indiana trend tracks the average weekly pay for workers in the healthcare and social assistance industry across the state. This metric is used by economists and policymakers to monitor labor market dynamics and wage growth within a key service sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic health and competitiveness of Indiana's healthcare industry.
Key Facts
- Indiana's healthcare sector employs over 400,000 workers.
- Average weekly earnings in this industry have risen by 30% over the past decade.
- Wages in the Indiana healthcare sector are 12% higher than the overall state average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the health care and social assistance industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and wage growth within a key service sector of Indiana's economy, which is important for economists and policymakers.
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: This trend is used to monitor the economic health and competitiveness of Indiana's healthcare industry, which is a major employer and service provider in the state.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in reporting.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Indiana (SMU18000006562000030), retrieved from FRED.