Average Weekly Earnings of All Employees: Education and Health Services in Nebraska
SMU31000006500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,059.20
Year-over-Year Change
60.10%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the education and health services sector in Nebraska. It provides insight into the wages and compensation levels in an important part of the state's economy.
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 in Nebraska metric tracks the mean weekly pay for workers in the education and healthcare industries across the state. This indicator is used by economists and policymakers to gauge labor market conditions and the relative competitiveness of wages in these crucial sectors.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend offers important context for evaluating the strength of Nebraska's service-oriented economy and the ability of key industries to attract and retain qualified workers.
Key Facts
- Nebraska's education and health services sector employs over 260,000 workers.
- Average weekly earnings in this sector have increased by 25% over the past decade.
- The education and health services industry accounts for nearly 20% of Nebraska's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the education and health services sector across the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor market conditions and wage levels in key service industries that are central to Nebraska's economy.
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: Policymakers and economists use this metric to evaluate the competitiveness of wages and the ability of Nebraska's education and healthcare sectors to attract and retain workers.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
Related Trends
All Employees: Manufacturing: Non-Durable Goods in Nebraska
SMS31000003200000001
All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Nebraska
SMS31000006054000001
High-Propensity Business Applications: Total for All NAICS in Nebraska
BAHBATOTALSANE
Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Nebraska
NEPCEVEH
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Nebraska
NEMINQQGSP
Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Nebraska
NEMINEXOILGASQGSP
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services in Nebraska (SMU31000006500000011A), retrieved from FRED.