Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Missouri
SMU29000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.84
Year-over-Year Change
4.53%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Missouri. It provides insights into labor costs and compensation trends in a key part of the state's economy.
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 Missouri tracks the typical hourly wage for workers in this diverse industry group, which includes retail, logistics, and utility companies. It is an important indicator of labor market conditions and inflationary pressures 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 monitor this trend to understand economic activity and make informed decisions.
Key Facts
- The series has been tracked since 1990.
- Missouri's trade, transportation, and utilities sector employs over 1 million workers.
- Hourly earnings in this sector are typically lower than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and compensation trends in a key part of Missouri's economy, which is useful for policymakers, businesses, and economists.
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: Policymakers and analysts monitor this trend to understand economic activity and make informed decisions about policies affecting employment, wages, and the trade, transportation, and utilities sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Missouri (SMU29000004000000003), retrieved from FRED.