Average Hourly Earnings of All Employees: Construction in Indiana
SMU18000002000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.03
Year-over-Year Change
5.70%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Construction in Indiana metric measures the average hourly wage for construction workers in the state. This provides insight into labor costs and employment trends in the Indiana 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 earnings for all employees in the construction sector in Indiana. It is an important economic indicator used by policymakers, industry analysts, and economists to assess labor market conditions and wage growth in the state's construction industry.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Construction wage trends are closely monitored as they can signal broader economic conditions and influence policy decisions.
Key Facts
- Indiana construction wages have risen 12.5% over the past 5 years.
- Construction is one of the largest private employment sectors in Indiana.
- Hourly earnings in Indiana construction exceed the overall state average wage.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly wage for all employees in the construction industry in Indiana.
Q: Why is this trend relevant for users or analysts?
A: Construction wage trends provide insight into labor market conditions and cost pressures in the Indiana economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Construction wage data informs economic policy decisions at the state and federal level, as construction is a key industry.
Q: Are there update delays or limitations?
A: This series is updated monthly with a typical 1-2 month publication lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Construction in Indiana (SMU18000002000000003), retrieved from FRED.