Average Weekly Earnings of Production Employees: Construction in Illinois
SMU17000002000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,821.05
Year-over-Year Change
-1.22%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Weekly Earnings of Production Employees: Construction in Illinois measures the average weekly earnings of production and non-supervisory workers in the construction industry in Illinois. This metric provides insights into labor costs and wage trends in the state's 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 tracks the average weekly earnings of production employees in the construction industry in Illinois. It is a useful indicator of labor market conditions and cost pressures facing construction firms in the state. Economists and policymakers analyze this data to understand inflationary trends and the overall health of the construction industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in construction worker earnings can influence decisions by businesses, consumers, and policymakers related to investment, consumer prices, and economic policy.
Key Facts
- Construction is a major industry in Illinois, employing over 200,000 workers.
- Weekly earnings in Illinois construction have increased by 15% over the past 5 years.
- The construction industry accounts for over 5% of Illinois' total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production and non-supervisory workers in the construction industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: Trends in construction worker earnings provide important insights into labor market conditions, inflationary pressures, and the overall health of the construction industry in Illinois.
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 analyze this data to inform decisions related to investment, consumer prices, and broader economic policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Construction in Illinois (SMU17000002000000030), retrieved from FRED.