Average Weekly Earnings of All Employees: Construction in Utah
SMU49000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,473.72
Year-over-Year Change
-1.81%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Construction in Utah' trend measures the average weekly earnings for construction workers in the state of Utah. This economic indicator provides insights into the labor market and income levels within 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 economic series tracks the average weekly earnings for all employees in the construction industry in Utah. The data is used by economists, policymakers, and industry analysts to monitor trends in worker compensation and the overall health of the construction sector within the state.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Tracking average weekly earnings in the construction industry helps inform economic and labor market policy decisions.
Key Facts
- Utah's construction industry employs over 100,000 workers.
- Construction wages have risen by 20% in Utah over the past 5 years.
- Utah has one of the fastest-growing construction sectors in the U.S.
FAQs
Q: What does this economic trend measure?
A: The 'Average Weekly Earnings of All Employees: Construction in Utah' trend measures the average weekly earnings for workers in the construction industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into compensation levels and labor market dynamics within Utah's construction sector, which is crucial for economic analysis and policy decisions.
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: Tracking average weekly earnings in the construction industry helps inform economic and labor market policy decisions, as it reflects the strength and competitiveness of this key sector.
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 minor revisions over time.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Utah (SMU49000002000000011), retrieved from FRED.