Average Weekly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Ohio
SMU39000006562000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
914.33
Year-over-Year Change
0.22%
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 Ohio. It provides insights into labor costs and industry compensation levels in the state.
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 Ohio trend is a key metric for analyzing labor market dynamics and compensation trends in the healthcare sector within the state. It helps economists and policymakers understand industry-specific wage pressures and inform workforce development initiatives.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by healthcare providers, workforce planners, and economic development agencies to gauge regional competitiveness and talent attraction factors.
Key Facts
- Ohio's health care industry employs over 860,000 workers.
- Average weekly earnings in Ohio's health care sector exceed the national average.
- Wages in the state's social assistance subsector lag behind the overall health care industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees working in the health care and social assistance industry in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding labor market dynamics and compensation levels within Ohio's healthcare sector, which is a major driver of the state'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: This trend is closely monitored by healthcare providers, workforce planners, and economic development agencies to gauge regional competitiveness and inform talent attraction and retention strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. Regional-level metrics may be subject to larger sampling variability compared to national-level figures.
Similar SMU Trends
Insured Unemployment Rate in Ohio
OHINSUREDUR
Average Hourly Earnings of Production Employees: Manufacturing in Ohio
SMU39000003000000008
Real Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Ohio
OHPRFRMSPRTMSMRGSP
Average Weekly Earnings of All Employees: Education and Health Services in Ohio
SMU39000006500000011A
Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Ohio
OHELCEQAPMANNGSP
Average Hourly Earnings of All Employees: Manufacturing in Ohio
SMU39000003000000003
Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Ohio (SMU39000006562000030), retrieved from FRED.