Construction Wages and Salaries in Oregon
ORWCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,892,581.00
Year-over-Year Change
12.74%
Date Range
1/1/1998 - 1/1/2025
Summary
The Construction Wages and Salaries in Oregon trend measures changes in wages and salaries for construction workers in the state. It is an important indicator of labor costs and economic activity in the construction 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
This series tracks the average hourly wages and salaries paid to construction workers in Oregon. It is used by economists, policymakers, and industry analysts to understand labor market dynamics and cost pressures in the state's construction sector.
Methodology
The data is collected through surveys of construction firms by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform decisions around infrastructure investment, housing policy, and economic development.
Key Facts
- Construction is a major industry in Oregon, accounting for over 100,000 jobs.
- Wages have risen over 20% in the past decade as the industry has boomed.
- Oregon's construction wages are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Construction Wages and Salaries in Oregon trend tracks the average hourly wages and salaries paid to construction workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor costs and economic activity in Oregon's construction industry, which is a crucial sector for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around infrastructure investment, housing policy, and economic development in Oregon.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Construction Wages and Salaries in Oregon (ORWCON), retrieved from FRED.