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Average Hourly Earnings of All Employees: Construction in New Jersey (DISCONTINUED) (SMU34000002000000003SA)

Observation:

Mar 2022: 42.10924 (+ more)   Updated: Apr 16, 2022
Mar 2022:  42.10924  
Feb 2022:  42.03276  
Jan 2022:  41.79348  
Dec 2021:  41.02390  
Nov 2021:  39.94751  
View All

Units:

Dollars per Hour,
Seasonally Adjusted

Frequency:

Monthly

NOTES

Source: U.S. Bureau of Labor Statistics  

Source: Federal Reserve Bank of St. Louis  

Release: State and Metro Area Employment, Hours, and Earnings  

Units:  Dollars per Hour, Seasonally Adjusted

Frequency:  Monthly

Notes:

This series is discontinued and will no longer be updated. The Federal Reserve Bank of St. Louis previously calculated this seasonally adjusted (SA) series based on the not seasonally adjusted (NSA) version available here. However, most of the earnings-related series do not have a significant seasonal component, so the values for both the SA and the NSA series are very similar. See the NSA series for updated values.

The Federal Reserve Bank of St. Louis previously used to seasonally adjust this series by using the 'statsmodels' library from Python with default parameter settings. The package uses the U.S. Bureau of the Census X-13ARIMA-SEATS Seasonal Adjustment Program. More information on the 'statsmodels' X-13ARIMA-SEATS package can be found here. More information on X-13ARIMA-SEATS can be found here.

Many series include both seasonally adjusted (SA) and not seasonally adjusted (NSA) data. Occasionally, updates to the data will not include sufficient seasonal factors to trigger a seasonal adjustment. In these cases, the NSA series will be updated normally; but the SA series will also be updated with the NSA data. The NSA series can be located here here.

Some seasonally adjusted series may exhibit negative values because they are created from a seasonal adjustment process regardless of the actual meaning or interpretation of the given indicator.

Suggested Citation:

U.S. Bureau of Labor Statistics and Federal Reserve Bank of St. Louis, Average Hourly Earnings of All Employees: Construction in New Jersey (DISCONTINUED) [SMU34000002000000003SA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SMU34000002000000003SA, March 19, 2024.

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