Construction Earnings in Arizona
AZECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,425,590.00
Year-over-Year Change
34.95%
Date Range
1/1/1998 - 1/1/2025
Summary
The Construction Earnings in Arizona trend measures the average hourly earnings of workers in the construction industry within the state. This metric is a key indicator of economic activity and labor market conditions in the construction sector.
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 Construction Earnings in Arizona series tracks the average hourly wages paid to employees in the state's construction industry. This data provides insight into the labor costs and competitiveness of the construction sector, which is a major driver of economic growth and development.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to assess the health and competitiveness of Arizona's construction industry.
Key Facts
- Arizona's construction industry employs over 200,000 workers.
- Construction earnings in Arizona have increased by 15% in the past 5 years.
- The construction sector accounts for 5% of Arizona's gross state product.
FAQs
Q: What does this economic trend measure?
A: The Construction Earnings in Arizona trend measures the average hourly wages paid to workers in the state's construction industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and competitiveness in a key sector of Arizona's economy, which is important for policymakers, businesses, and industry analysts.
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 industry analysts use this trend to assess the health and competitiveness of Arizona's construction sector, which is a major driver of economic growth and development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Total Wages and Salaries in Arizona
AZWTOT
Pandemic Emergency Unemployment Compensation Continued Claims in Arizona
PEUCCCAZ
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Arizona
AZDURMANRGSP
All Employees: Transportation and Warehousing in Arizona
SMU04000004340008901A
Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arizona
AZOTRANEQMANNGSP
Coefficient for Industrial Carbon Dioxide Emissions, LPG (Fuel Use) for Arizona
EMISSCO2CHLICBAZA
Citation
U.S. Federal Reserve, Construction Earnings in Arizona (AZECON), retrieved from FRED.