Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Maryland
SMU24000006500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.58
Year-over-Year Change
-0.77%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average hourly earnings of all employees in the private education and health services sector in Maryland. It provides insights into wage growth and labor market dynamics in these key industries.
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 All Employees: Education and Health Services: Private Education and Health Services in Maryland is an important economic indicator that tracks changes in compensation for workers in the private education and healthcare sectors within the state. It is used by economists and policymakers to analyze labor market conditions and inform policy decisions.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the broader economic landscape and labor market conditions in Maryland.
Key Facts
- This trend covers the private education and healthcare sectors in Maryland.
- Wages in these industries can impact consumer spending and overall economic growth.
- Data is collected monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the private education and health services sector in Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth and labor market dynamics in the education and healthcare industries, which are important for understanding broader economic conditions in Maryland.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor market conditions and inform policy decisions in Maryland.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two 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 Maryland (SMU24000006500000003), retrieved from FRED.