Average Hourly Earnings of All Employees: Construction in Pennsylvania
SMU42000002000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.02
Year-over-Year Change
2.85%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Construction in Pennsylvania measures the average hourly wage for construction workers in the state. This metric is a key indicator of labor market conditions and inflationary pressures 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 represents the average hourly wage paid to all employees in the construction industry in Pennsylvania. It is a valuable economic indicator used by policymakers, analysts, and businesses to assess labor costs, productivity, and overall construction sector performance within 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 the Federal Reserve and other economic institutions to help inform monetary policy decisions and identify inflationary risks.
Key Facts
- Pennsylvania construction wages averaged $33.27 per hour in 2022.
- Hourly earnings in Pennsylvania construction have risen 5.2% over the past year.
- The construction industry employs over 300,000 workers in Pennsylvania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to all employees in the construction industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and inflationary pressures in the construction sector, which is an important part of the Pennsylvania economy.
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: The Federal Reserve and other economic institutions closely monitor this trend to help inform monetary policy decisions and identify inflationary risks in the construction industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Construction in Pennsylvania (SMU42000002000000003), retrieved from FRED.