Average Weekly Earnings of All Employees: Construction in Idaho
SMU16000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,472.42
Year-over-Year Change
8.96%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Construction in Idaho' tracks the mean weekly wages of construction workers in the state. It provides insight into labor costs and productivity trends in the construction industry.
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 measures the average weekly earnings of all employees in the construction industry in the state of Idaho. It is an important indicator of labor market conditions, wages, and productivity within the construction sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Construction industry earnings data is used by policymakers, economists, and businesses to analyze economic conditions and guide decisions.
Key Facts
- The average weekly earnings in Idaho's construction industry were $1,221 as of the most recent data.
- Construction wages in Idaho have increased by 3.2% over the past year.
- The construction sector accounts for over 6% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of all employees in the construction industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: Construction industry earnings data provides insight into labor costs, productivity, and economic conditions within a key sector of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use construction industry earnings data to analyze economic conditions and guide decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Idaho (SMU16000002000000011), retrieved from FRED.