Construction Earnings in South Dakota
SDECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,789,439.00
Year-over-Year Change
35.81%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Construction Earnings in South Dakota' trend measures the average weekly earnings of workers in the construction industry within the state of South Dakota. This metric is important for economists and policymakers to understand regional labor market dynamics and cost of living factors.
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 economic series tracks the nominal weekly earnings of employees in the construction sector in South Dakota. It provides insight into compensation levels and cost pressures within a key industry that drives infrastructure and economic growth.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction earnings are closely monitored by economists, urban planners, and policymakers to assess regional economic conditions and labor market tightness.
Key Facts
- Construction is a major industry in South Dakota, accounting for over 5% of total employment.
- Average weekly construction earnings in South Dakota have risen by over 20% in the past decade.
- Construction wage levels in South Dakota are roughly 15% below the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Construction Earnings in South Dakota' series tracks the average weekly wages of workers employed in the construction industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels, labor market tightness, and cost of living factors in a key regional industry that drives economic growth and infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in construction earnings are closely monitored by economists, urban planners, and policymakers to assess regional economic conditions and inform decisions around infrastructure investment, housing, and workforce development.
Q: Are there update delays or limitations?
A: The construction earnings data for South Dakota is published on a monthly basis with a typical 1-2 month lag.
Related Trends
Real Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in South Dakota
SDPRFRMSPRTMSMRGSP
Gross Domestic Product: Computer Systems Design and Related Services (5415) in South Dakota
SDCPUSYSDSGNNGSP
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in South Dakota
SDARTETRTACCFDQGSP
Real Gross Domestic Product: Transportation and Warehousing (48-49) in South Dakota
SDTRANSWARERQGSP
Chain-Type Quantity Index for Real GDP: Private Services-Providing Industries in South Dakota
SDPRISERVPROQGSP
Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in South Dakota
SDTRANSUTILQGSP
Citation
U.S. Federal Reserve, Construction Earnings in South Dakota (SDECON), retrieved from FRED.