Average Weekly Earnings of All Employees: Education and Health Services in North Carolina
SMU37000006500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,085.04
Year-over-Year Change
49.89%
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 North Carolina. It provides valuable insights into the compensation levels and trends in this crucial 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 weekly earnings data represents the total compensation, including wages and salaries, paid to employees in the education and health services sector in North Carolina. This metric is closely monitored by economists and policymakers to assess the state's labor market conditions and cost of living.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Historical Context
This trend is used to inform economic and workforce development policies, as well as business and consumer decision-making.
Key Facts
- North Carolina's education and health services sector employs over 800,000 workers.
- The average weekly earnings in this sector have increased by 3.2% over the past year.
- Earnings in this industry are 7.5% higher than the statewide average for all private-sector employees.
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 in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the compensation levels and trends in a crucial industry, which can inform economic and workforce development policies, as well as business and consumer decision-making.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and workforce development policies, as it provides valuable information about the state's labor market conditions and cost of living.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical release delay of about one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services in North Carolina (SMU37000006500000011A), retrieved from FRED.