Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Idaho
SMU16000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.59
Year-over-Year Change
7.64%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Idaho. It provides insight into labor costs and economic conditions in this key 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
The Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Idaho tracks the average hourly wage paid to workers in this diverse sector, which includes retail, logistics, and utility companies. This data point is a important barometer of economic activity and worker compensation in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess labor market trends and the overall economic health of Idaho.
Key Facts
- This data series begins in 2007.
- The all-time high for this metric in Idaho was $23.72 in 2022.
- Earnings in this sector are typically higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages paid to employees in the trade, transportation, and utilities sector in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and economic conditions in a key industry within Idaho, making it relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess labor market trends and the overall economic health of Idaho, informing decisions on economic policy.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the series is updated monthly by the Federal Reserve.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Idaho (SMU16000004000000003), retrieved from FRED.