Utilities Wages and Salaries in Connecticut
CTWUTI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
824,856.00
Year-over-Year Change
21.55%
Date Range
1/1/1998 - 1/1/2025
Summary
The Utilities Wages and Salaries in Connecticut trend measures the average hourly earnings of workers in the utilities industry within the state. This data provides insights into labor costs and compensation trends in a critical economic sector.
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 Utilities Wages and Salaries in Connecticut metric tracks the average hourly wage rate for employees in the utilities industry, which includes electric power, natural gas, water, and sewer systems. This indicator is used to assess labor market conditions and production costs in Connecticut's utilities sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in utilities wages and salaries are monitored by policymakers, analysts, and industry participants to understand labor market dynamics and cost pressures.
Key Facts
- Connecticut utilities wages averaged $39.42 per hour in 2022.
- Utilities wages in Connecticut have risen 12% over the past 5 years.
- The utilities sector accounts for about 1% of total employment in Connecticut.
FAQs
Q: What does this economic trend measure?
A: The Utilities Wages and Salaries in Connecticut trend measures the average hourly earnings of workers employed in the utilities industry within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs and compensation trends in Connecticut's utilities sector, which is a critical part of the state's economy and infrastructure.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in utilities wages and salaries are monitored by policymakers, industry analysts, and other stakeholders to understand labor market dynamics and cost pressures in this important economic sector.
Q: Are there update delays or limitations?
A: The Utilities Wages and Salaries in Connecticut data is typically published with a 1-2 month lag by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Utilities Wages and Salaries in Connecticut (CTWUTI), retrieved from FRED.