Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Connecticut
SMU09000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,046.58
Year-over-Year Change
-0.00%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in Connecticut. It provides insight into the compensation levels and trends in this important segment 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
The Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Connecticut indicator tracks the average weekly pay for workers involved in the production of non-durable goods, such as food, textiles, and chemicals, in the state's manufacturing industry. This metric is a valuable gauge of labor market conditions and worker purchasing power in this key economic sector.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and businesses to analyze labor market dynamics and assess the overall health of Connecticut's manufacturing industry.
Key Facts
- Connecticut's non-durable goods manufacturing sector employs over 50,000 workers.
- Average weekly earnings in this sector have risen by 15% over the past decade.
- The non-durable goods industry accounts for around 30% of Connecticut's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market conditions and worker purchasing power in Connecticut's important manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this trend to analyze labor market dynamics and assess the overall health of Connecticut's manufacturing sector, which informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Connecticut (SMU09000003200000030), retrieved from FRED.