Average Hourly Earnings of Production Employees: Construction in Utah
SMU49000002000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.25
Year-over-Year Change
0.33%
Date Range
1/1/2002 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees: Construction in Utah measures the average hourly pay for construction workers in the state. This data provides insight into labor costs and trends in the construction 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
This series tracks the average hourly earnings of production and nonsupervisory employees in the construction industry for the state of Utah. It is a key economic indicator used to monitor wage growth and labor market conditions in the construction sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists, policymakers, and industry analysts to assess the health of the construction labor market and broader economic conditions.
Key Facts
- Utah construction wages have risen 3.2% over the past year.
- The current average hourly wage for Utah construction workers is $27.15.
- Construction is a major driver of Utah's economy, accounting for over 7% of state GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly wages paid to production and nonsupervisory employees working in the construction industry in Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor costs and wage growth within the construction sector, which is a key driver of economic activity in Utah.
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: Policymakers and analysts closely monitor construction wages to assess the health of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Construction in Utah (SMU49000002000000008), retrieved from FRED.