Average Weekly Earnings of Production Employees: Construction in Missouri
SMU29000002000000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,409.23
Year-over-Year Change
37.79%
Date Range
1/1/2001 - 1/1/2024
Summary
The Average Weekly Earnings of Production Employees: Construction in Missouri measures the average weekly earnings of workers in the construction industry within the state of Missouri. This metric is a key indicator of economic conditions and labor market trends in the construction sector.
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 tracks the average weekly earnings of production employees, which includes wages and salaries, for the construction industry in Missouri. It is used by economists, policymakers, and industry analysts to assess compensation levels, labor market tightness, and broader economic conditions in the state's 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
The construction industry earnings trend provides important context for evaluating the strength of the Missouri economy and informing relevant policy decisions.
Key Facts
- Missouri's construction sector employs over 130,000 workers.
- Average weekly earnings in Missouri construction are higher than the national average.
- Construction wages have risen steadily in Missouri over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the construction industry within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and compensation levels in Missouri's construction sector, which is a key driver 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: The construction industry earnings trend is used by policymakers, economists, and industry analysts to evaluate the strength of the Missouri economy and inform relevant policy 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 Production Employees: Construction in Missouri (SMU29000002000000030A), retrieved from FRED.