Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Idaho
SMU16000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,023.81
Year-over-Year Change
10.84%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Idaho. It provides insights into labor costs and economic conditions in this important 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 weekly earnings of all employees in the trade, transportation, and utilities sector in Idaho is a key economic indicator that tracks changes in labor costs and worker productivity in this significant industry. It is used by economists and policymakers to assess the overall strength of the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, businesses, and policymakers to understand the dynamics of Idaho's labor market and make informed decisions.
Key Facts
- Idaho's trade, transportation, and utilities sector employs over 200,000 workers.
- Average weekly earnings in this sector have increased by 20% over the past 5 years.
- This industry accounts for nearly 20% of Idaho's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all 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 trend provides insights into labor costs and economic conditions in a key industry, which is important for understanding the overall strength of Idaho's economy.
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: This trend is closely monitored by economists, businesses, and policymakers to make informed decisions about the state's labor market and economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Idaho (SMU16000004000000011), retrieved from FRED.