Durable Manufacturing Earnings in Maryland
MDEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,807,546.00
Year-over-Year Change
11.82%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Earnings in Maryland trend measures the average weekly earnings for workers in the durable manufacturing sector within the state of Maryland. This data provides insights into the economic conditions and labor market dynamics in the Maryland manufacturing industry.
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 Durable Manufacturing Earnings in Maryland metric tracks the average weekly wages earned by employees in the durable goods manufacturing sector in the state of Maryland. This statistic is a key indicator of the overall health and competitiveness of the state's manufacturing industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Policymakers and economists use this trend to assess the strength of Maryland's manufacturing sector and inform economic development strategies.
Key Facts
- Maryland's durable manufacturing sector employs over 100,000 workers.
- Average weekly earnings in Maryland's durable manufacturing industry are 15% higher than the national average.
- Durable manufacturing accounts for nearly 10% of Maryland's total economic output.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Earnings in Maryland trend measures the average weekly earnings for workers employed in the durable goods manufacturing sector within the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and competitiveness of Maryland's manufacturing industry, which is a critical driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Maryland's manufacturing sector and inform economic development strategies and policies.
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, Durable Manufacturing Earnings in Maryland (MDEDUR), retrieved from FRED.