Average Weekly Earnings of All Employees: Construction in Arkansas
SMU05000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,165.88
Year-over-Year Change
7.09%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator tracks the average weekly earnings of all employees in the construction industry in Arkansas. It provides insights into wage trends and labor market conditions in a key sector of the state's economy.
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 All Employees: Construction in Arkansas measures the average weekly monetary compensation received by workers in the construction industry within the state. This metric is used by economists and policymakers to assess labor market dynamics, inflationary pressures, and the overall health of the construction sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend helps inform decisions around economic and workforce development policies in Arkansas.
Key Facts
- Arkansas construction wages have risen by 20% over the past 5 years.
- The construction sector accounts for 5% of total employment in Arkansas.
- Average weekly earnings in Arkansas construction are 10% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly earnings of all employees in the construction industry within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage trends and labor market conditions in a key sector of Arkansas' economy, informing economic and workforce development decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend helps inform decisions around economic and workforce development policies in Arkansas.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Arkansas (SMU05000002000000011), retrieved from FRED.