Average Hourly Earnings of Production Employees: Manufacturing in Alabama
SMU01000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.88
Year-over-Year Change
8.19%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic indicator tracks the average hourly earnings of production workers in the manufacturing sector of Alabama. It provides insight into wage trends and labor costs in a key industry for the state's economy.
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 Average Hourly Earnings of Production Employees: Manufacturing in Alabama metric measures the average hourly pay for non-supervisory manufacturing workers in the state. This data point is used by economists and policymakers to monitor employment conditions and cost pressures in Alabama's industrial base.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This manufacturing wage trend is relevant for understanding the state's overall economic competitiveness and the purchasing power of Alabama workers.
Key Facts
- Alabama's manufacturing sector employs over 270,000 workers.
- Manufacturing accounts for nearly 17% of Alabama's GDP.
- The state's average manufacturing wage is $25.51 per hour.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly earnings of non-supervisory production employees in Alabama's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and wage pressures for a key industry in Alabama's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor employment conditions and cost pressures in Alabama's manufacturing base.
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, Average Hourly Earnings of Production Employees: Manufacturing in Alabama (SMU01000003000000008), retrieved from FRED.