Nondurable Manufacturing Wages and Salaries in Indiana
INWNON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,754,085.00
Year-over-Year Change
18.33%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Nondurable Manufacturing Wages and Salaries in Indiana' trend measures earnings for production workers in the nondurable goods manufacturing sector in Indiana. This key economic indicator provides insight into labor costs and inflationary pressures.
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 represents the average hourly wages and salaries, including overtime pay and bonuses, for production workers in nondurable goods manufacturing in the state of Indiana. It is a valuable leading indicator for policymakers and economists tracking regional economic conditions and employment trends.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in nondurable manufacturing wages can inform decisions around monetary and fiscal policy as well as influence investment and hiring strategies.
Key Facts
- Indiana is a major hub for nondurable goods production.
- Wages and salaries account for over 70% of total labor costs.
- Nondurable manufacturing employs over 200,000 workers in Indiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages and salaries, including overtime and bonuses, for production workers in the nondurable goods manufacturing sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into labor costs and inflationary pressures in Indiana's nondurable manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in nondurable manufacturing wages can inform decisions around monetary and fiscal policy as well as influence investment and hiring strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Wages and Salaries in Indiana (INWNON), retrieved from FRED.