Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Indiana
SMU18000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.36
Year-over-Year Change
3.43%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Indiana. It provides insights into wage growth and inflationary pressures in a key part of the state's economy.
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 Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Indiana is a key economic indicator that tracks changes in worker compensation across a broad spectrum of industries. It is used by economists and policymakers to gauge the overall health of the labor market and to inform decisions around monetary and fiscal policy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to assess inflationary pressures and the broader trajectory of the Indiana economy.
Key Facts
- Indiana's trade, transportation, and utilities sector employs over 600,000 workers.
- Hourly earnings in this sector have increased by 15% over the past 5 years.
- The trend correlates closely with consumer price inflation in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth and inflationary pressures in a key part of Indiana's economy, making it relevant for economists, policymakers, and those analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses 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 the Federal Reserve and other economic institutions to assess inflationary pressures and the broader trajectory of the Indiana economy, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
Similar SMU Trends
Total Deposits in Commercial Member Banks in Indiana
X08TDCBMBTIN
Number of National Member Commercial Banks in Indiana
X08CBMBNIN
Labor Force Participation Rate for Indiana
LBSSA18
All Employees: Education and Health Services: Nursing and Residential Care Facilities in Indiana
SMU18000006562300001
Transportation and Warehousing Wages and Salaries in Indiana
INWTRA
Commercial Carbon Dioxide Emissions, Industrial Coking for Indiana
EMISSCO2VCLCCBINA
Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Indiana (SMU18000004000000003), retrieved from FRED.