Construction Earnings in Montana
MTECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,609,795.00
Year-over-Year Change
16.50%
Date Range
1/1/1998 - 1/1/2025
Summary
The Construction Earnings in Montana series tracks the average weekly earnings of workers in the construction industry within the state of Montana. This metric provides valuable insights into the economic health and labor market trends of 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 Montana series is a key economic indicator that measures the average weekly earnings of employees in the construction industry across the state. It is used by economists, policymakers, and businesses to understand the dynamics of the construction labor market and the broader economic conditions in Montana.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions and assess the overall strength of the construction industry in Montana.
Key Facts
- Montana's construction sector employs over 25,000 workers.
- Average weekly earnings in Montana's construction industry are $1,200.
- Construction earnings in Montana have increased by 4% in the past year.
FAQs
Q: What does this economic trend measure?
A: The Construction Earnings in Montana series tracks the average weekly earnings of workers employed in the construction industry within the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic health and labor market dynamics of the construction sector in Montana, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and establishments in the construction industry.
Q: How is this trend used in economic policy?
A: The Construction Earnings in Montana trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions and assess the overall strength of the construction industry in the state.
Q: Are there update delays or limitations?
A: The Construction Earnings in Montana data is typically released on a monthly basis, with a lag of 1-2 months.
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Citation
U.S. Federal Reserve, Construction Earnings in Montana (MTECON), retrieved from FRED.