Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Illinois
SMU17000003231100008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.36
Year-over-Year Change
5.82%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average hourly earnings of production employees in the food manufacturing industry within the non-durable goods sector of the manufacturing industry in Illinois. It provides insight into wage dynamics and productivity in this key economic 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
The Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Illinois series tracks the average hourly compensation for workers directly involved in the production process at food manufacturing facilities in Illinois. This metric is used to analyze employment costs, labor market conditions, and overall economic health in the state's manufacturing sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to gauge the competitiveness and profitability of Illinois' food manufacturing industry.
Key Facts
- Food manufacturing is a key part of Illinois' economy.
- Wages in this sector impact consumer prices and business profitability.
- This data series dates back to 1990.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the food manufacturing industry within the non-durable goods sector of the manufacturing industry in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage dynamics and productivity in a key economic sector, which is important for understanding employment costs, labor market conditions, and overall economic health in Illinois.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, businesses, and economists to gauge the competitiveness and profitability of Illinois' food manufacturing industry.
Q: Are there update delays or limitations?
A: This data series is updated monthly with a typical release lag of one to two months.
Similar SMU Trends
Housing Inventory: Price Reduced Count Month-Over-Month in Illinois
PRIREDCOUMMIL
All Employees: State Government Educational Services in Illinois
SMU17000009092161101A
Management of Companies and Enterprises Wages and Salaries in Illinois
ILWMAN
Average Hourly Earnings of All Employees: Financial Activities in Illinois
SMU17000005500000003
Number of Banks in Illinois
X08ABIL
All Employees: Wholesale Trade: Wholesale Trade Agents and Brokers in Illinois
SMU17000004142500001
Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Illinois (SMU17000003231100008), retrieved from FRED.