Average Weekly Earnings of Production Employees: Manufacturing in Florida
SMU12000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,209.91
Year-over-Year Change
-0.70%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Florida measures the average weekly earnings of manufacturing production workers in the state. This metric is a key economic indicator for gauging manufacturing sector health and labor market trends.
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 series tracks the average weekly earnings of production employees in the manufacturing industry across the state of Florida. It provides insights into wage levels, labor costs, and economic competitiveness within this important sector.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the strength of Florida's manufacturing base and its impact on the broader state economy.
Key Facts
- Florida's manufacturing sector employs over 400,000 workers.
- Manufacturing accounts for 5% of Florida's GDP.
- Average weekly earnings in Florida manufacturing have risen by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of production employees in the manufacturing industry across the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into wage levels, labor costs, and economic competitiveness within Florida's important manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the strength of Florida's manufacturing base and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Florida (SMU12000003000000030), retrieved from FRED.