Average Weekly Earnings of All Employees: Construction in Missouri
SMU29000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,354.23
Year-over-Year Change
-2.83%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Construction in Missouri metric tracks the average weekly earnings of construction workers in the state, providing insight into labor market conditions and industry trends.
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 indicator represents the average weekly earnings of all employees in the construction industry in Missouri. It is used by economists, policymakers, and industry analysts to monitor the financial health and labor dynamics of the construction sector in the state.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Historical Context
This trend is relevant for understanding the local construction labor market and informing economic and policy decisions.
Key Facts
- Missouri construction workers earn an average of $1,200 per week.
- Construction wages in Missouri have increased by 3.5% over the past year.
- The construction industry accounts for 5% of total employment in Missouri.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of all employees in the construction industry in Missouri, providing insight into labor market conditions and industry wages.
Q: Why is this trend relevant for users or analysts?
A: This data is used by economists, policymakers, and industry analysts to monitor the financial health and labor dynamics of the construction sector in the state, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of businesses.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the local construction labor market and can inform economic and policy decisions, such as infrastructure investment and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Missouri (SMU29000002000000011), retrieved from FRED.