Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Montana
SMU30000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
980.90
Year-over-Year Change
4.81%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Montana. It provides insight into wage growth and labor market conditions in this key 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: Trade, Transportation, and Utilities in Montana is an important economic indicator that tracks changes in worker compensation within a major economic sector. It is used by economists and policymakers to assess labor market trends and overall economic performance in the state.
Methodology
The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding consumer spending power, business investment, and the overall health of Montana's economy.
Key Facts
- Montana's trade, transportation, and utilities sector employs over 100,000 workers.
- Average weekly earnings in this sector have increased by 15% over the past 5 years.
- The sector accounts for nearly 20% of Montana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in Montana's trade, transportation, and utilities sector, providing insight into wage growth and labor market conditions in this key industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding consumer spending power, business investment, and the overall health of Montana's economy, as the trade, transportation, and utilities sector is a major driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess labor market trends and overall economic performance in Montana, informing decisions related to economic development, workforce training, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Montana (SMU30000004000000011), retrieved from FRED.