Average Weekly Earnings of Production Employees: Information in Illinois
SMU17000005000000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,485.16
Year-over-Year Change
99.14%
Date Range
1/1/2001 - 1/1/2024
Summary
The Average Weekly Earnings of Production Employees: Information in Illinois trend measures the average weekly earnings of production workers in the information industry in Illinois. This metric is a key indicator of economic conditions and worker compensation in this important 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 series tracks the average weekly earnings for production employees within the information industry in Illinois. It provides insight into wage levels and trends for a critical part of the state's economy, helping economists and policymakers assess economic performance and cost-of-living factors.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, investors, and policymakers to analyze the health of Illinois' information industry and labor market.
Key Facts
- Illinois is a major hub for the information industry.
- Wages in this sector have grown steadily over the past decade.
- Production worker earnings represent a significant portion of total compensation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the information industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into wage levels and trends for a critical part of Illinois' economy, helping inform economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, investors, and policymakers to analyze the health of Illinois' information industry and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Information in Illinois (SMU17000005000000030A), retrieved from FRED.