Average Weekly Earnings of All Employees: Goods Producing in Connecticut
SMU09000000600000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,520.22
Year-over-Year Change
27.75%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Goods Producing in Connecticut' measures the average weekly earnings of workers in the goods-producing sector in Connecticut. This data is an important indicator of economic activity and worker purchasing power in the state.
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 trend represents the average weekly earnings for all employees in the goods-producing industries in Connecticut, including manufacturing, construction, and natural resources and mining. It is used by economists and policymakers to analyze trends in worker compensation, productivity, and Connecticut's economic performance.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This metric is relevant for understanding Connecticut's labor market and macroeconomic conditions.
Key Facts
- Measures average weekly earnings in Connecticut's goods-producing sector.
- Reflects productivity and purchasing power of workers in key industries.
- Data collected monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average weekly earnings of all employees in the goods-producing industries in the state of Connecticut, including manufacturing, construction, and natural resources and mining.
Q: Why is this trend relevant for users or analysts?
A: This data is an important indicator of economic activity and worker purchasing power in Connecticut, and is used by economists and policymakers to analyze trends in worker compensation and productivity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding Connecticut's labor market and broader macroeconomic conditions, and can inform policy decisions related to employment, wages, and economic performance.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of several weeks.
Related Trends
Housing Inventory: Median Days on Market in Connecticut
MEDDAYONMARCT
State Government Tax Collections, Documentary and Stock Transfer Taxes in Connecticut
CTDOCUTAX
Per Capita Personal Consumption Expenditures: Services: Transportation Services for Connecticut
CTPCEPCTRANS
All Employees: Transit and Ground Passenger Transportation in Connecticut
SMU09000004348500001A
Median Household Income in Connecticut
MEHOINUSCTA646N
State Government Tax Collections, Motor Vehicle Operators Licenses in Connecticut
CTMVOPERTAX
Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in Connecticut (SMU09000000600000011A), retrieved from FRED.