Average Weekly Earnings of All Employees: Construction in Massachusetts
SMU25000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,880.15
Year-over-Year Change
-1.01%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Construction in Massachusetts measures the weekly wages for construction workers in the state. This metric provides insight into labor costs and economic conditions in the 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 weekly earnings for all employees working in the construction sector in Massachusetts. It is a key indicator of compensation trends and economic activity in the construction industry, which is an important part of the state's economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics program.
Historical Context
This metric is closely watched by economists, policymakers, and construction industry stakeholders.
Key Facts
- Massachusetts construction wages have increased by 15% over the past 5 years.
- Construction is one of the largest private employment sectors in the state.
- The all-employees average weekly earnings in Massachusetts construction are consistently higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the construction industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and economic conditions in the construction sector, which is a key part of Massachusetts' economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics program.
Q: How is this trend used in economic policy?
A: This construction earnings trend is closely watched by economists, policymakers, and industry stakeholders to gauge labor market conditions and economic activity.
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 Weekly Earnings of All Employees: Construction in Massachusetts (SMU25000002000000011), retrieved from FRED.