Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Montana
SMU30000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.85
Year-over-Year Change
3.89%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Montana. It provides insights into wage growth and labor market conditions in this key 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
The Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Montana is an important economic indicator that tracks changes in worker compensation within this major employment sector. It is used by economists and policymakers to assess the strength of the state's labor market and consumer spending power.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by Federal Reserve officials and state economic development agencies to gauge the health of Montana's economy.
Key Facts
- Montana's trade, transportation, and utilities sector employs over 100,000 workers.
- Average hourly earnings in this sector have risen by 15% over the past 5 years.
- Wages in this industry are typically higher than the state's overall average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees working in the trade, transportation, and utilities sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into wage growth and labor market conditions in a key industry, which is crucial for evaluating the overall strength of Montana'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: This trend is closely monitored by the Federal Reserve and state economic development agencies to assess the health of Montana's labor market and consumer spending power.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Montana (SMU30000004000000003), retrieved from FRED.