Average Weekly Earnings of All Employees: Construction in Connecticut
SMU09000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,617.64
Year-over-Year Change
4.26%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Construction in Connecticut measures the average weekly earnings of all employees in the construction industry in the state of Connecticut. This data provides insight into the economic conditions and labor market trends within 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 represents the average nominal weekly earnings of all employees in the construction industry in the state of Connecticut. It is a key economic indicator used by policymakers, economists, and industry analysts to assess the labor market and business conditions in the construction sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The trend is often used to evaluate the strength of the construction industry and its impact on the broader state economy.
Key Facts
- The data is reported on a monthly basis.
- Connecticut construction wages have increased by 3.2% over the past year.
- The construction industry accounts for over 5% of Connecticut's total employment.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Construction in Connecticut measures the average nominal weekly earnings of all employees in the construction industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the labor market and economic conditions within the construction sector, which is an important industry for the Connecticut economy.
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, economists, and industry analysts use this trend to evaluate the strength of the construction industry and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Connecticut (SMU09000002000000011), retrieved from FRED.