Average Hourly Earnings of Production Employees: Information in Utah
SMU49000005000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.18
Year-over-Year Change
2.42%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees: Information in Utah metric tracks changes in the hourly wages of production workers in the information industry within the state of Utah. This data provides insights into labor market dynamics and economic conditions in this key sector.
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 hourly earnings of production and non-supervisory employees in the information industry, which includes sectors like publishing, telecommunications, and data processing. It is a useful indicator of compensation trends and labor costs for businesses and policymakers analyzing economic activity in Utah.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this information to assess the competitiveness of Utah's information industry and make informed decisions about economic development and workforce policies.
Key Facts
- Utah's information industry accounts for over 50,000 jobs.
- Hourly wages in this sector are 25% higher than the state average.
- Wages have grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly earnings of production and non-supervisory employees in Utah's information industry, which includes sectors like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market dynamics and compensation trends within a key economic sector in Utah, which is useful for businesses, policymakers, and economists analyzing the state's economic conditions and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this information to assess the competitiveness of Utah's information industry and make informed decisions about economic development and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Information in Utah (SMU49000005000000008), retrieved from FRED.