Average Weekly Earnings of Production Employees: Manufacturing in Pennsylvania
SMU42000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,114.46
Year-over-Year Change
2.00%
Date Range
1/1/2001 - 6/1/2025
Summary
The 'Average Weekly Earnings of Production Employees: Manufacturing in Pennsylvania' metric tracks the average weekly earnings of production workers in the manufacturing sector of Pennsylvania's economy. This data point is closely watched by economists and policymakers to gauge labor market trends and broader economic conditions.
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 weekly earnings of production employees in the manufacturing industry within the state of Pennsylvania. It is a key indicator of labor costs and can provide insights into the health and competitiveness of the state's manufacturing sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform economic policy decisions and analyze manufacturing industry performance.
Key Facts
- Pennsylvania is a major manufacturing hub in the U.S.
- Manufacturing accounts for over 10% of Pennsylvania's GDP.
- Wages in the Pennsylvania manufacturing sector have increased by 3% over the past year.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of production workers in the manufacturing sector of Pennsylvania's economy.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely watched by economists and policymakers to gauge labor market trends and broader economic conditions in Pennsylvania.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic policy decisions and analyze manufacturing industry performance in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Pennsylvania (SMU42000003000000030), retrieved from FRED.