Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Utah
SMU49000004000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
996.78
Year-over-Year Change
-0.54%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Utah. It provides insight into wage levels 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 weekly earnings trend represents the typical gross pay received by workers in the trade, transportation, and utilities industries in Utah. This metric is used by economists and policymakers to assess employment, income, and economic activity in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses monitor this trend to understand labor market conditions and cost-of-living factors in Utah.
Key Facts
- Utah's trade, transportation, and utilities sector employs over 300,000 workers.
- Average weekly earnings in this sector have risen by 20% over the past decade.
- Wages in this industry are approximately 10% higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage levels and labor market conditions in a key industry, which is important for understanding economic activity and cost-of-living factors in Utah.
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: Policymakers and businesses monitor this trend to understand labor market conditions and cost-of-living factors in Utah.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Utah (SMU49000004000000011), retrieved from FRED.