Construction Earnings in Florida
FLECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,115,286.00
Year-over-Year Change
25.05%
Date Range
1/1/1998 - 1/1/2025
Summary
The Construction Earnings in Florida indicator measures the average weekly earnings of construction workers in the state. This metric provides insights into the economic conditions and labor trends within 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
The Construction Earnings in Florida series tracks the average weekly earnings of employees in the construction sector across the state. This data point is an important barometer for monitoring the financial health and labor market dynamics of the construction industry, which is a key driver of economic activity.
Methodology
The data is collected through surveys of construction firms and workers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the strength of the construction industry and make informed decisions about economic policy and investment.
Key Facts
- Construction is a major industry in Florida, accounting for over 500,000 jobs.
- Average weekly earnings in Florida's construction sector are higher than the national average.
- The Construction Earnings in Florida indicator has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Construction Earnings in Florida indicator measures the average weekly earnings of construction workers in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and labor market dynamics of the construction industry, which is a key driver of economic activity in Florida.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and workers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the strength of the construction industry and make informed decisions about economic policy and investment.
Q: Are there update delays or limitations?
A: The Construction Earnings in Florida data is published on a monthly basis, with a typical release lag of several weeks.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Florida
FLPCEPCGONPI
Employed Persons in Florida
LAUST120000000000005
Real Gross Domestic Product: Private Services-Providing Industries in Florida
FLPRISERVPRORGSP
All Employees: Waste Management and Remediation Services in Florida
SMU12000006056200001A
Administrative and Waste Services Earnings in Florida
FLEADM
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Florida
FLSLGRTAX
Citation
U.S. Federal Reserve, Construction Earnings in Florida (FLECON), retrieved from FRED.