Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Utah
SMU49000006500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
969.92
Year-over-Year Change
4.75%
Date Range
1/1/2007 - 6/1/2025
Summary
This trend measures the average weekly earnings of all employees in the education and health services sector in Utah, providing insight into labor costs and economic conditions in these 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 Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Utah data series tracks the average weekly wages paid to workers in the private education and health services sector in the state of Utah. This metric is a key indicator of labor market conditions and compensation trends in these crucial industries.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to monitor labor market dynamics and guide decision-making.
Key Facts
- Utah's private education and health services sector employs over 250,000 workers.
- Average weekly earnings in this sector have risen by over 20% in the past decade.
- Wages in Utah's private education and health services are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the private education and health services sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market conditions and compensation trends in Utah's education and healthcare industries, which are important drivers 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: Economists, policymakers, and industry analysts use this trend to monitor labor market dynamics and guide decision-making in the education and healthcare sectors.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a lag of several weeks. There may be revisions to previously published figures.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Utah (SMU49000006500000011), retrieved from FRED.