Real Estate, Rental and Leasing Wages and Salaries in Connecticut
CTWREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,945,620.00
Year-over-Year Change
18.59%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures wages and salaries in the real estate, rental, and leasing industry for the state of Connecticut. It provides insights into employment and earnings in this important sector 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 Real Estate, Rental and Leasing Wages and Salaries in Connecticut series tracks total employee compensation, including wages, salaries, and benefits, for this industry within the state. It is a key indicator of economic activity and labor market conditions in Connecticut's real estate and related service sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the health and trends of Connecticut's real estate and housing markets.
Key Facts
- The series dates back to 1990.
- Wages and salaries account for over 70% of total compensation in this industry.
- Connecticut's real estate sector employs over 40,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures total wages, salaries, and benefits paid to employees in the real estate, rental, and leasing industry within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and economic activity in Connecticut's real estate and housing-related sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Connecticut's real estate and housing markets, which informs policy decisions related to economic development, taxation, and regulation.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Number of Noninsured Nonmember Commercial Banks in Connecticut
X08CBNMBNICT
Total Deposits in Commercial Banks in Connecticut
X08TDCBTCT
Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Connecticut
CTTRANGRNDTRANQGSP
State Tax Collections: T21 Amusements License for Connecticut
QTAXT21QTAXCAT3CTNO
Projected Business Formations Within Four Quarters: Total for All NAICS in Connecticut
BFPBF4QTOTALSACT
Gross Domestic Product: Utilities (22) in Connecticut
CTUTILNGSP
Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Wages and Salaries in Connecticut (CTWREA), retrieved from FRED.