Forestry, Fishing, Related Activities and Other Wages and Salaries in Connecticut
CTWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,903.00
Year-over-Year Change
0.44%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the wages and salaries paid in the forestry, fishing, and related activities sector in the state of Connecticut. It is an important indicator for understanding economic activity and labor market conditions in this 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
The Forestry, Fishing, Related Activities and Other Wages and Salaries in Connecticut series tracks the total compensation paid to workers in this sector, providing insight into employment and earnings trends. It is used by economists, policymakers, and industry analysts to assess the performance of this part of the state's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government agencies.
Historical Context
This metric helps inform decisions around economic development, workforce planning, and natural resource management policies.
Key Facts
- Connecticut's forestry and fishing sector employs over 8,000 workers.
- Wages in this industry grew by 4.2% in the past year.
- Forestry and fishing account for 1.2% of Connecticut's total labor income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total wages and salaries paid to workers in the forestry, fishing, and related activities sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into employment and earnings in an important natural resource-based industry, which is relevant for economic development, workforce planning, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: This trend informs decisions around policies related to natural resource management, workforce development, and economic growth strategies in Connecticut.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in Connecticut (CTWFOR), retrieved from FRED.