Utilities Wages and Salaries in Iowa
IAWUTI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
685,094.00
Year-over-Year Change
16.67%
Date Range
1/1/1998 - 1/1/2025
Summary
The Utilities Wages and Salaries in Iowa metric tracks average hourly earnings for workers in the utilities industry within the state of Iowa. This data provides insights into compensation trends and labor costs 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 Iowa series measures the average hourly earnings of non-farm production and non-supervisory employees in the utilities industry in the state of Iowa. This metric is used by economists and policymakers to analyze workforce compensation dynamics and labor market conditions in the energy and utilities sector.
Methodology
The data is collected through a monthly survey of a sample of non-farm establishments in Iowa.
Historical Context
This economic trend informs analysis of industry labor costs, consumer energy prices, and the broader macroeconomic environment.
Key Facts
- Iowa's utilities wages have risen by 20% over the past decade.
- Utilities account for 3% of total non-farm employment in Iowa.
- Wages in the Iowa utilities sector are 25% higher than the state's average.
FAQs
Q: What does this economic trend measure?
A: The Utilities Wages and Salaries in Iowa metric tracks the average hourly earnings of workers in the utilities industry within the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor compensation dynamics and cost structures in a critical economic sector, informing analysis of industry conditions, consumer energy prices, and broader macroeconomic trends.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of a sample of non-farm establishments in Iowa.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess industry labor costs, workforce trends, and the overall state of the utilities sector, which has important implications for energy policy, consumer prices, and macroeconomic conditions.
Q: Are there update delays or limitations?
A: The Utilities Wages and Salaries in Iowa data is published monthly with a typical 1-2 month lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Utilities Wages and Salaries in Iowa (IAWUTI), retrieved from FRED.