Average Weekly Earnings of Production Employees: Manufacturing in Connecticut
SMU09000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,170.40
Year-over-Year Change
-2.18%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Connecticut measures the average weekly earnings of manufacturing production workers in the state. This metric provides insight into wage trends and cost-of-living pressures for workers in a key sector of 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
This economic indicator tracks the average weekly earnings, including overtime pay, for production and non-supervisory employees in the manufacturing industry in Connecticut. It is a useful barometer of compensation trends and can inform analyses of consumer spending, labor market conditions, and economic policymaking.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to gauge the purchasing power and economic well-being of manufacturing workers, a critical component of Connecticut's industrial base.
Key Facts
- Manufacturing accounts for over 10% of Connecticut's GDP.
- Wages in the sector have grown by over 15% in the past decade.
- Connecticut ranks among the top U.S. states for manufacturing productivity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly earnings, including overtime pay, for production and non-supervisory employees in the manufacturing industry in Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage trends and cost-of-living pressures for workers in a key sector of Connecticut's economy, informing analyses of consumer spending, labor market conditions, and economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to gauge the purchasing power and economic well-being of manufacturing workers, a critical component of Connecticut's industrial base.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Connecticut (SMU09000003000000030), retrieved from FRED.