Average Hourly Earnings of All Employees: Construction in Arkansas
SMU05000002000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.36
Year-over-Year Change
8.26%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Construction in Arkansas measures the average hourly wage for construction workers in the state. This metric is a key indicator of labor costs and economic conditions in the construction 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
This series tracks the average hourly pay for all employees in the construction sector in Arkansas. It is used by economists, policymakers, and industry analysts to monitor trends in labor costs, worker productivity, and the overall health of the state's construction industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses closely follow this metric to understand labor market dynamics and make informed decisions regarding construction projects, investment, and employment.
Key Facts
- Construction is a major industry in Arkansas, employing over 50,000 workers.
- Average hourly earnings in Arkansas construction are typically lower than the national average.
- Wages in the state's construction sector have increased by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wage for all employees in the construction industry in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: The average hourly earnings in construction are a key indicator of labor costs and economic conditions in the industry, which is important for policymakers, businesses, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses closely follow this metric to understand labor market dynamics and make informed decisions regarding construction projects, investment, and employment.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of about one month.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Construction in Arkansas (SMU05000002000000003), retrieved from FRED.