Average Weekly Earnings of Production Employees: Manufacturing in Illinois
SMU17000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,079.18
Year-over-Year Change
6.41%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Illinois metric tracks the average weekly earnings for manufacturing production workers in the state of Illinois. This data point is closely watched by economists and policymakers as an indicator of labor market conditions and worker purchasing power.
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 measures the average weekly earnings for production employees in the manufacturing sector of Illinois. It provides insight into wage trends and the overall health of the state's industrial labor market, which is a key component of the broader state economy.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of the Illinois economy and make informed decisions.
Key Facts
- Illinois is the fifth-largest manufacturing state in the U.S.
- Manufacturing accounts for over 12% of Illinois' GDP.
- The state has over 570,000 manufacturing workers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings for production employees in the manufacturing sector of Illinois. It provides insight into wage trends and the health of the state's industrial labor market.
Q: Why is this trend relevant for users or analysts?
A: This data is closely watched by economists and policymakers as an indicator of labor market conditions and worker purchasing power in Illinois, a key component of the state's overall economic performance.
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: Policymakers and analysts use this metric to assess the strength of the Illinois economy and make informed decisions, such as workforce development initiatives or industrial policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Illinois (SMU17000003000000030), retrieved from FRED.