Average Weekly Earnings of Production Employees: Construction in Arizona
SMU04000002000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,240.40
Year-over-Year Change
-3.69%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the construction industry in Arizona. It provides insight into wage trends and labor costs in this important 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 Average Weekly Earnings of Production Employees: Construction in Arizona series tracks the average weekly compensation, including base pay and overtime, for non-supervisory workers in the construction industry within the state. This metric is a key indicator of labor market conditions and can inform business and policy decisions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This construction wage trend is monitored by economists, policymakers, and industry analysts to assess economic activity and inflationary pressures.
Key Facts
- Arizona construction wages have increased 3.2% over the past year.
- Construction is a major industry in Arizona, employing over 165,000 workers.
- Rising construction wages can indicate growing demand and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the construction industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and wage growth in the construction sector, which is an important indicator of economic activity and inflationary pressures.
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 economists monitor construction wage trends to assess the health of the labor market and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks before the latest figures are available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Construction in Arizona (SMU04000002000000030), retrieved from FRED.