Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Oregon
SMU41000003100000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,258.04
Year-over-Year Change
57.29%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the durable goods manufacturing industry in Oregon. It provides insights into labor market conditions and wage growth within this key economic 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
The Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Oregon metric tracks the average weekly pay for production workers in the durable goods manufacturing industry across the state. This data point is used by economists and policymakers to analyze labor market trends and assess the health of the manufacturing sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing earnings can inform economic and workforce development policies.
Key Facts
- Oregon's durable goods manufacturing sector employs over 100,000 workers.
- Earnings in this industry have grown by 25% over the past decade.
- Manufacturing accounts for 10% of Oregon's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the durable goods manufacturing industry within the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and wage growth in a key sector of the Oregon economy, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in manufacturing earnings can inform workforce development, economic, and industrial policies at the state and local level.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Oregon (SMU41000003100000030A), retrieved from FRED.