Average Weekly Earnings of All Employees: Manufacturing in Idaho
SMU16000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,131.39
Year-over-Year Change
14.41%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Manufacturing in Idaho measures the average weekly earnings for manufacturing workers in the state of Idaho. This metric is a key indicator of economic conditions and labor market trends in the state's manufacturing sector.
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 data series tracks the average weekly earnings for all employees in the manufacturing industry across Idaho. It provides insights into compensation levels, labor costs, and productivity in this important economic sector, which can inform business and policy decisions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Idaho's manufacturing industry.
Key Facts
- Idaho's manufacturing sector accounts for over 10% of the state's GDP.
- Average weekly earnings in Idaho manufacturing are above the national average.
- Earnings in this sector have grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Manufacturing in Idaho measures the average weekly compensation for workers in the state's manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs, productivity, and the overall health of Idaho's manufacturing sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers 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 assess the competitiveness and growth potential of Idaho's manufacturing industry, which can inform decisions around economic development, workforce training, and other policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Idaho (SMU16000003000000011), retrieved from FRED.