Mining Wages and Salaries in Pennsylvania
PAWMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,117,481.00
Year-over-Year Change
-5.61%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Wages and Salaries in Pennsylvania series tracks average weekly earnings of production and nonsupervisory employees in the mining industry in Pennsylvania. This metric is an important economic indicator for policymakers and analysts monitoring labor market trends in the state's critical mining 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 Mining Wages and Salaries in Pennsylvania series, part of the Current Employment Statistics (CES) survey, provides a measure of average weekly earnings for workers in the mining industry across the state. This data point offers insights into labor costs, productivity, and compensation trends in a key industry for Pennsylvania's economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Mining wages and salaries are tracked by policymakers, labor economists, and industry analysts to assess the health and outlook of Pennsylvania's mining sector.
Key Facts
- Mining accounts for over 5% of Pennsylvania's GDP.
- Average weekly mining wages in PA are 25% higher than the state average.
- Mining wages have risen 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Mining Wages and Salaries in Pennsylvania series tracks the average weekly earnings of production and nonsupervisory employees in the mining industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs, productivity, and compensation trends in Pennsylvania's critical mining 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 monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Mining wages and salaries are tracked by policymakers, labor economists, and industry analysts to assess the health and outlook of Pennsylvania's mining sector, which has significant impacts on the state's overall economic performance.
Q: Are there update delays or limitations?
A: The Mining Wages and Salaries in Pennsylvania data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Mining Wages and Salaries in Pennsylvania (PAWMIN), retrieved from FRED.