Durable Manufacturing Earnings in Missouri
MOEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,349,339.00
Year-over-Year Change
13.53%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Earnings in Missouri trend measures average weekly earnings in the durable goods manufacturing industry for the state of Missouri. This metric provides insights into economic conditions and labor market trends in the state's manufacturing sector.
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 Missouri series tracks the average weekly earnings of production and nonsupervisory employees in durable goods manufacturing industries located in the state. This data is a key indicator of economic activity and purchasing power in Missouri's manufacturing labor market.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to monitor the health and competitiveness of Missouri's manufacturing industry.
Key Facts
- Missouri is a major manufacturing hub, producing durable goods like machinery, transportation equipment, and electronics.
- Durable manufacturing accounts for over 10% of Missouri's total employment.
- Average weekly earnings in Missouri's durable goods sector are above the national average.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Earnings in Missouri trend measures the average weekly earnings of production and nonsupervisory employees in the state's durable goods manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and labor market conditions of Missouri's manufacturing sector, 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 manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the competitiveness and overall performance of Missouri's manufacturing industry, which informs economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Missouri (MOEDUR), retrieved from FRED.