Average Weekly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in West Virginia
SMU54000006562000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
928.20
Year-over-Year Change
6.08%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the health care and social assistance industry within the education and health services sector in West Virginia. It provides insights into wage dynamics in a critical economic sector.
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 West Virginia is a key economic indicator that tracks changes in the average weekly earnings of workers in the health care and social assistance industry in West Virginia. This metric is used to analyze labor market conditions and cost-of-living trends in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to understand the economic health and competitiveness of the health care sector in West Virginia.
Key Facts
- West Virginia's health care and social assistance industry employs over 150,000 workers.
- The average weekly earnings in this sector have increased by 10% over the past 5 years.
- Health care is one of the fastest-growing industries in West Virginia's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the health care and social assistance industry within the education and health services sector in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor market conditions and cost-of-living trends in a critical economic sector in West Virginia, making it relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey 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 policymakers, economists, and industry analysts to understand the economic health and competitiveness of the health care sector in West Virginia.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in West Virginia (SMU54000006562000030), retrieved from FRED.