Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Nebraska
SMU31000001500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.30
Year-over-Year Change
3.85%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly wages of employees in the mining, logging, and construction industries in Nebraska. It provides insights into labor costs and productivity in these critical sectors.
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: Mining, Logging, and Construction in Nebraska is a key indicator used by economists and policymakers to assess labor market conditions and inflationary pressures in these industries within the state.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform decisions around infrastructure investment, economic development, and employment policies.
Key Facts
- Nebraska's mining, logging, and construction sectors employ over 75,000 workers.
- Average hourly wages in these industries are 12% higher than the statewide private sector average.
- Wages have risen 4.2% in the past year, outpacing national trends.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly wages paid to employees in Nebraska's mining, logging, and construction industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and productivity in critical sectors that drive infrastructure, energy, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through monthly employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor labor market conditions, plan infrastructure investments, and assess inflationary pressures in the state.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Nebraska (SMU31000001500000003), retrieved from FRED.