Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Connecticut
SMU09000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.02
Year-over-Year Change
5.61%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic indicator tracks the average hourly wages of employees in the trade, transportation, and utilities sectors in Connecticut. It provides insight into labor market trends and cost pressures within key industries.
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 Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Connecticut series measures the typical hourly compensation for workers in these vital economic sectors across the state. It is a useful barometer of inflationary pressures and the health of the regional labor market.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to assess the economic conditions and competitiveness of Connecticut's service-oriented industries.
Key Facts
- Hourly wages in Connecticut's trade, transportation, and utilities sectors.
- This data series dates back to 2006.
- Tracked by the U.S. Bureau of Labor Statistics
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly earnings of employees in the trade, transportation, and utilities sectors across the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and inflationary pressures within key service-oriented industries in the state.
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 analysts monitor this indicator to assess the economic competitiveness and health of Connecticut's trade, transportation, and utilities sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Connecticut (SMU09000004000000003), retrieved from FRED.