Average Weekly Earnings of All Employees: Construction in Indiana
SMU18000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,441.34
Year-over-Year Change
2.72%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the construction industry in Indiana. It provides insight into wage levels and labor market conditions in this key 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
The Average Weekly Earnings of All Employees: Construction in Indiana is a key indicator of economic activity and labor market dynamics in the state's construction industry. It represents the typical weekly pay for workers in this sector, offering valuable context for policymakers and analysts.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to monitor inflationary pressures, inform economic forecasting, and guide policy decisions related to the construction industry.
Key Facts
- Indiana's construction industry employs over 150,000 workers.
- Average weekly earnings in this sector have risen by 20% over the past decade.
- Construction is a key driver of economic growth in Indiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the construction industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into wage levels and labor market conditions in a crucial sector of the Indiana economy, informing economic analysis and policy 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 is used to monitor inflationary pressures, inform economic forecasting, and guide policy decisions related to the construction industry.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Indiana (SMU18000002000000011), retrieved from FRED.