Nondurable Manufacturing Earnings in Pennsylvania
PAENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,467,973.00
Year-over-Year Change
10.94%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Pennsylvania metric tracks average weekly earnings for workers in the nondurable manufacturing sector in the state. This provides insight into economic conditions and labor market trends.
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 weekly earnings of production and nonsupervisory employees in nondurable goods manufacturing industries located in Pennsylvania. It is a key indicator of economic activity and workers' purchasing power in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of Pennsylvania's manufacturing sector and labor market.
Key Facts
- Pennsylvania is a major center of nondurable manufacturing.
- Nondurable goods include food, clothing, and other consumable products.
- Earnings data can signal changes in labor demand and production.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of production and nonsupervisory employees in the nondurable manufacturing sector in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The nondurable manufacturing earnings data provides insight into economic conditions and labor market trends in a key industry within the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Pennsylvania's manufacturing sector and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Pennsylvania (PAENON), retrieved from FRED.