Educational Services Earnings in West Virginia
WVEEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
466,065.00
Year-over-Year Change
32.47%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Educational Services Earnings in West Virginia' series measures the average weekly earnings for workers in the educational services industry in West Virginia. This metric provides insight into the compensation levels and economic well-being of the state's education workforce.
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
This economic trend reflects the average weekly earnings for employees in West Virginia's educational services sector, which includes public and private schools, colleges, universities, and other educational institutions. It is an important indicator of the financial status and purchasing power of a key component of the state's workforce.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and education stakeholders closely monitor this trend to assess the competitiveness of educational sector wages and the potential impact on recruitment, retention, and education quality.
Key Facts
- West Virginia's educational services earnings averaged $800 per week in 2021.
- Earnings in this sector have increased by 15% over the past 5 years.
- Educational services account for over 7% of West Virginia's total employment.
FAQs
Q: What does this economic trend measure?
A: The 'Educational Services Earnings in West Virginia' series measures the average weekly earnings for workers employed in the educational services industry within the state of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the compensation levels and financial well-being of West Virginia's education workforce, which is an important factor for policymakers, school administrators, and education stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and education stakeholders use this trend to assess the competitiveness of educational sector wages and the potential impact on recruitment, retention, and education quality.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so there may be delays in reflecting the most current economic conditions.
Related Trends
Chain-Type Quantity Index for Real GDP: Publishing Industries (Except Internet) (511) in West Virginia
WVPUBINDQGSP
Average Weekly Hours of Production Employees: Goods Producing in West Virginia
SMU54000000600000007
Gross Domestic Product: Educational Services (61) in West Virginia
WVEDCATNGSP
Personal Consumption Expenditures: Services: Other Services for West Virginia
WVPCEOSRV
Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in West Virginia
WVFNDTRSTNGSP
Average Weekly Earnings of Production Employees: Trade, Transportation, and Utilities in West Virginia
SMU54000004000000030
Citation
U.S. Federal Reserve, Educational Services Earnings in West Virginia (WVEEDU), retrieved from FRED.