Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Pennsylvania
SMU42000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.17
Year-over-Year Change
3.22%
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 Pennsylvania. It provides valuable insights into labor costs and economic activity in this critical 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 Pennsylvania is a key economic indicator that tracks the average hourly wages for workers in this sector within the state. It is used by economists and policymakers to assess labor market conditions and inflationary pressures.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by businesses, investors, and policymakers to understand broader economic trends and make informed decisions.
Key Facts
- Pennsylvania's trade, transportation, and utilities sector employs over 1 million workers.
- The average hourly wage in this sector has increased by 3.2% over the past year.
- The trend is a leading indicator of consumer spending and economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and economic activity in a critical industry, which is useful for businesses, investors, and policymakers.
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 closely monitored by policymakers to understand broader economic trends and make informed decisions about the state's economy.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Pennsylvania (SMU42000004000000003), retrieved from FRED.