Durable Manufacturing Earnings in Maine
MEEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,921,517.00
Year-over-Year Change
8.78%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Earnings in Maine indicator measures the average hourly earnings of workers in the durable manufacturing sector within the state of Maine. This data provides insights into the economic health and labor market conditions of Maine's durable goods 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 Maine series tracks the average hourly earnings of production and nonsupervisory employees in the durable goods manufacturing sector across the state. This metric is used by economists and policymakers to assess trends in worker compensation and the competitive position of Maine's durable manufacturing industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Historical Context
Policymakers and analysts use this metric to monitor the economic performance and competitiveness of Maine's durable manufacturing sector.
Key Facts
- Maine's durable manufacturing sector accounts for over 20% of the state's total manufacturing employment.
- Durable manufacturing earnings in Maine have grown by an average of 2.5% annually over the past decade.
- The Durable Manufacturing Earnings in Maine series dates back to 1990.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Earnings in Maine indicator measures the average hourly earnings of production and nonsupervisory employees in the durable goods manufacturing sector within the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and labor market conditions of Maine's durable manufacturing industry, which is a key driver of the state's economy. It is used by economists and policymakers to assess trends in worker compensation and the competitive position of this sector.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Durable Manufacturing Earnings in Maine series to monitor the economic performance and competitiveness of this important sector within the state.
Q: Are there update delays or limitations?
A: The Durable Manufacturing Earnings in Maine data is published monthly with a typical lag of one to two months.
Related Trends
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Real Gross Domestic Product: Insurance Carriers and Related Activities (524) in Maine
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Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Maine (MEEDUR), retrieved from FRED.