Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Arkansas
SMU05000003100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.03
Year-over-Year Change
7.61%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the durable goods manufacturing sector within Arkansas. It provides insights into wage dynamics and labor market conditions in this key 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 Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Arkansas is a monthly economic indicator that tracks the mean hourly wage paid to production workers in the durable goods manufacturing industry across the state. This metric helps analyze labor compensation and productivity trends within a critical component of the regional economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend is used by policymakers, economists, and businesses to assess the competitive position and cost dynamics of Arkansas's durable goods manufacturing sector.
Key Facts
- Arkansas is a major hub for durable goods manufacturing.
- Manufacturing accounts for over 12% of the state's GDP.
- Wages in this sector have risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages paid to production workers in the durable goods manufacturing industry within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This earnings data provides important insights into labor market conditions and cost dynamics for a critical sector of the Arkansas 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: Policymakers and economists use this metric to assess the competitiveness and growth potential of Arkansas's durable goods manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Arkansas (SMU05000003100000008), retrieved from FRED.