Durable Manufacturing Wages and Salaries in Massachusetts
MAWDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,635,695.00
Year-over-Year Change
-2.58%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Wages and Salaries in Massachusetts metric tracks average wages and salaries for workers in the durable manufacturing industry within the state. This provides insight into employment conditions and labor costs in a key segment of the Massachusetts economy.
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 wages and salaries paid to employees in the durable manufacturing sector in Massachusetts. It is an important economic indicator used to assess labor market trends and the competitiveness of the state's manufacturing industry.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this metric to understand the health of the Massachusetts manufacturing sector and its impact on the broader state economy.
Key Facts
- Massachusetts is a major hub for durable goods manufacturing.
- Wages in this sector have risen steadily over the past decade.
- Durable manufacturing accounts for a significant share of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly wages and salaries paid to workers in the durable manufacturing industry within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into employment conditions and labor costs in a key segment of the Massachusetts economy, which is valuable for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand the health of the Massachusetts manufacturing sector and its impact on the broader state economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in publication compared to the reference period.
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Citation
U.S. Federal Reserve, Durable Manufacturing Wages and Salaries in Massachusetts (MAWDUR), retrieved from FRED.