Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Massachusetts
SMU25000006500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.83
Year-over-Year Change
-0.32%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of employees in the private education and health services sector in Massachusetts. It provides insight into labor costs and compensation trends 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 Massachusetts is a monthly economic indicator that tracks the average hourly wage for workers in the private education and health services sectors in the state of Massachusetts. This data is used by economists and policymakers to analyze labor market dynamics and compensation levels in these important service industries.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend is relevant for understanding labor market conditions, wage growth, and cost pressures in Massachusetts's private education and healthcare sectors.
Key Facts
- Massachusetts private education and health services employ over 600,000 workers.
- Wages in these sectors have risen by over 25% in the past decade.
- The average hourly wage is currently $30.50 in this Massachusetts industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of employees working in the private education and health services sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and compensation trends in these key service industries, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This earnings trend is relevant for understanding labor market conditions, wage growth, and cost pressures in Massachusetts's private education and healthcare sectors, which inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revision.
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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 Massachusetts (SMU25000006500000003), retrieved from FRED.