Average Hourly Earnings of All Employees: Construction in Louisiana
SMU22000002000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.60
Year-over-Year Change
-0.79%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Construction in Louisiana tracks the average hourly pay for construction workers in the state. This metric is a key indicator of labor market conditions and wage pressures 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 series measures the average hourly wage paid to all employees in the construction industry in Louisiana. It is a useful economic indicator for analyzing trends in labor costs, industry profitability, and the relative strength of the construction sector within the state.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policy analysts and construction firms use this data to monitor wage growth and labor market dynamics in the construction industry.
Key Facts
- Construction wages in Louisiana have risen by 3.2% over the past year.
- The current average hourly wage for construction workers in Louisiana is $25.75.
- Louisiana's construction wages are 2.1% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the construction industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of labor market conditions and wage pressures in the construction sector, which is a key driver of economic activity in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policy analysts and construction firms use this data to monitor wage growth and labor market dynamics in the construction industry, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Construction in Louisiana (SMU22000002000000003), retrieved from FRED.