Average Weekly Earnings of All Employees: Mining, Logging, and Construction in Tennessee
SMU47000001500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,303.85
Year-over-Year Change
59.48%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the mining, logging, and construction industries in Tennessee. It provides insights into the labor market and economic conditions in these key sectors.
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: Mining, Logging, and Construction in Tennessee is a metric that tracks the average weekly compensation for workers in these industries across the state. It is a valuable indicator of economic activity, labor costs, and industry-specific trends.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and industry participants to assess the health of the Tennessee economy.
Key Facts
- Tennessee's mining, logging, and construction industries employ over 150,000 workers.
- Average weekly earnings in these sectors have increased by 3.5% over the past year.
- The construction industry accounts for the largest share of employment in this group.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the mining, logging, and construction industries in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market and economic conditions in key sectors of the Tennessee economy, which is important for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, analysts, and industry participants to assess the health of the Tennessee economy and inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Mining, Logging, and Construction in Tennessee (SMU47000001500000011A), retrieved from FRED.