Quarterly, Seasonally Adjusted
HOHWIN02SEQ065S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,378,608.12
Year-over-Year Change
0.54%
Date Range
1/1/1987 - 7/1/2008
Summary
The Quarterly, Seasonally Adjusted series measures the average hourly earnings for production and nonsupervisory employees in the housing construction industry. This metric is a key indicator of labor market dynamics and inflationary pressures.
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 tracks the average hourly wage for workers in the housing construction sector on a quarterly basis, with seasonal adjustments to account for recurring patterns. It provides insights into the compensation trends of a crucial industry and can inform policy decisions related to labor markets and housing affordability.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this series to assess the strength of the construction labor market and its potential impact on broader economic conditions.
Key Facts
- The series is reported on a quarterly basis.
- Construction workers account for a significant portion of the U.S. labor force.
- Wage trends in housing construction can influence broader inflation dynamics.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the average hourly earnings for production and nonsupervisory employees in the housing construction industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market dynamics and compensation trends within the crucial housing construction sector, which can inform policy decisions and analysis of broader economic conditions.
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: Policymakers and economists closely monitor this series to assess the strength of the construction labor market and its potential impact on broader economic conditions, such as housing affordability and inflationary pressures.
Q: Are there update delays or limitations?
A: The series is reported on a quarterly basis, so there may be a delay in the most recent data release.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (HOHWIN02SEQ065S), retrieved from FRED.