Average Weekly Earnings of All Employees: Construction in Montana
SMU30000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,441.72
Year-over-Year Change
6.36%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Construction in Montana tracks the average weekly earnings for construction workers in the state. This metric provides insight into labor costs and economic activity 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 measures the average weekly earnings of all employees in the construction industry in the state of Montana. It is a key indicator of labor costs and economic conditions in the construction sector, which is an important component of Montana's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this trend to understand the state of the construction industry and its broader economic implications.
Key Facts
- Montana's construction industry accounts for over 5% of the state's GDP.
- Average weekly earnings in Montana's construction sector are typically higher than the national average.
- The construction industry employs over 25,000 workers in Montana.
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 Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor costs and economic conditions in Montana's construction sector, which is a significant component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to understand the state of the construction industry and its broader economic implications for Montana.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Montana (SMU30000002000000011), retrieved from FRED.