Average Hourly Earnings of All Employees: Goods Producing in Indiana
SMU18000000600000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.97
Year-over-Year Change
3.35%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Goods Producing in Indiana trend measures changes in the average hourly wage for production workers in the goods-producing industries of Indiana. This statistic is an important indicator of the state's economic conditions and labor market dynamics.
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 hourly earnings of all employees in the goods-producing sector of Indiana, which includes industries like manufacturing, mining, and construction. It provides insight into wage growth and inflationary pressures within the state's industrial labor market.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to understand Indiana's economic performance and guide decision-making.
Key Facts
- The series dates back to 1939.
- Indiana is a major manufacturing hub in the Midwest.
- Goods-producing industries account for a significant portion of the state's employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the goods-producing industries of Indiana, including manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: The average hourly earnings of goods-producing workers is an important indicator of economic conditions and labor market dynamics in Indiana.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and businesses to understand Indiana's economic performance and guide decision-making.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Goods Producing in Indiana (SMU18000000600000003), retrieved from FRED.