Annual, Not Seasonally Adjusted
SMU72000003231500006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.80
Year-over-Year Change
-28.40%
Date Range
1/1/2001 - 1/1/2016
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for production and nonsupervisory employees in the construction industry. It provides insight into wage growth in a key sector of the U.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 annual, not seasonally adjusted average hourly earnings for construction workers is an important indicator of labor market conditions and inflationary pressures in the construction industry. It is used by policymakers, analysts, and businesses to assess the state of the construction labor market and inform economic decision-making.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve and other policymakers as a gauge of inflationary pressures and the overall health of the construction industry.
Key Facts
- Construction is a key sector comprising over 7 million U.S. jobs.
- Wage growth in construction can signal broader inflationary trends.
- This metric has shown steady increases in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for production and nonsupervisory employees in the construction industry.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wage growth in the construction sector, which is an important indicator of labor market conditions and inflationary pressures.
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: This trend is closely watched by the Federal Reserve and other policymakers as a gauge of inflationary pressures and the overall health of the construction industry.
Q: Are there update delays or limitations?
A: There may be some lag in the availability of the latest data, but the annual, not seasonally adjusted construction wage trend is a widely followed economic indicator.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000003231500006A), retrieved from FRED.