Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Canada
Monthly, Not Seasonally Adjusted
LFEAICTTCAM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,021,800.00
Year-over-Year Change
-0.16%
Date Range
1/1/1970 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the Transportation and Material Moving occupations, not seasonally adjusted. It provides insights into wage growth and labor market conditions in this critical 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 Average Hourly Earnings: Transportation and Material Moving occupations trend represents the typical hourly pay for workers in industries like trucking, warehousing, and logistics. It is used by economists and policymakers to analyze labor market dynamics and inflationary pressures.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to gauge the overall health of the economy.
Key Facts
- The average hourly wage in the Transportation and Material Moving occupations was $23.60 as of the latest data.
- This sector accounts for over 12 million jobs in the U.S. economy.
- Wage growth in this industry outpaced overall private sector wage growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the Transportation and Material Moving occupations in the United States, not seasonally adjusted.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage growth and labor market conditions in the critical transportation and logistics sectors, which are closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to gauge the overall health of the economy and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around one month.
Related Trends
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Canada
CANCP030000GPQ
Total Cost of Residential Construction for Canada
OPCNRE01CAA661N
Nominal Gross Domestic Product for Canada
NGDPSAXDCCAQ
Geographical Outreach: Number of Commercial Banks for Canada
CANFCIODCNUM
Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Canada
PIEAFD01CAQ661N
Balance of Payments: Current account balance (credit less debit) for Canada
CANBCAGDPBP6
Citation
U.S. Federal Reserve, Average Hourly Earnings: Transportation and Material Moving (LFEAICTTCAM647N), retrieved from FRED.