Forestry, Fishing, Related Activities, and Other Earnings in Connecticut
CTEFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,360.00
Year-over-Year Change
-2.10%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the earnings of workers in the forestry, fishing, and related activities industries in the state of Connecticut. It provides insights into the economic performance and labor market conditions of these important natural resource-based sectors.
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 Forestry, Fishing, Related Activities, and Other Earnings in Connecticut series tracks the total compensation, including wages and benefits, for employees in the forestry, fishing, hunting, and trapping industries within the state. This data series is used by economists and policymakers to analyze the economic health and competitiveness of Connecticut's natural resource-based industries.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households.
Historical Context
This metric helps inform decisions around natural resource management, environmental regulations, and economic development policies in Connecticut.
Key Facts
- Earnings in this sector account for 0.3% of Connecticut's total personal income.
- The forestry and fishing industries employ over 2,500 workers in Connecticut.
- Earnings in this sector have increased by 5.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total earnings, including wages and benefits, of workers employed in the forestry, fishing, hunting, and trapping industries within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic performance and labor market conditions of Connecticut's natural resource-based industries, which are important for the state's economy and environmental management.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around natural resource management, environmental regulations, and economic development policies in Connecticut.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities, and Other Earnings in Connecticut (CTEFOR), retrieved from FRED.