Average Weekly Earnings of All Employees: Manufacturing in Indiana
SMU18000003000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,187.60
Year-over-Year Change
20.81%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Earnings of All Employees: Manufacturing in Indiana' trend measures the average weekly wages of manufacturing workers in the state of Indiana. This metric is a key indicator of economic activity and purchasing power in the 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 of all employees in the manufacturing industry for the state of Indiana. Economists use this metric to assess the overall health and wage trends within Indiana's manufacturing workforce.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Historical Context
Manufacturing wages and earnings are closely watched by policymakers and market analysts as indicative of broader economic conditions.
Key Facts
- Indiana is a major manufacturing hub in the Midwest U.S.
- Manufacturing accounts for over 17% of Indiana's GDP.
- Weekly wages in Indiana manufacturing have increased by over 25% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the manufacturing industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing wages are a key indicator of economic activity and purchasing power in a major industrial sector, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Manufacturing wages and earnings are closely monitored by policymakers as indicative of broader economic conditions and the health of a key industrial sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Indiana (SMU18000003000000011A), retrieved from FRED.