Average Hourly Earnings of Production Employees: Construction in Arizona
SMU04000002000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.01
Year-over-Year Change
-0.32%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees: Construction in Arizona trend measures the average hourly wage for production workers in the construction industry within the state of Arizona. This metric is an important indicator of labor costs and economic 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
This series tracks the average hourly earnings of production employees, such as construction workers, in the state of Arizona. It provides insights into wage levels and changes over time, which are crucial for understanding economic trends and the competitiveness of the state's construction industry.
Methodology
The data is collected through surveys of construction employers in Arizona by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and construction industry analysts to assess labor market conditions and guide economic decision-making.
Key Facts
- Arizona's construction industry employs over 200,000 workers.
- Average hourly earnings in Arizona's construction sector are above the national average.
- Construction wages have risen steadily in Arizona over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for production employees, such as construction workers, in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and economic conditions in Arizona's construction industry, which is crucial for understanding the state's economic landscape.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction employers in Arizona by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and construction industry analysts to assess labor market conditions and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Construction in Arizona (SMU04000002000000008), retrieved from FRED.