Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Indiana
SMU18000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,128.75
Year-over-Year Change
3.49%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the manufacturing of durable goods in the state of Indiana. It provides insights into labor costs and productivity in this key sector of the state's economy.
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 Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Indiana metric tracks the average weekly compensation, including wages and salaries, for workers involved in the production of durable manufactured goods within Indiana. This data point is used by economists and policymakers to analyze labor market conditions and inflationary pressures in the state's industrial sector.
Methodology
The data is collected through surveys of manufacturing establishments in Indiana by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Indiana is a major manufacturing hub, producing a wide range of durable goods.
- Wages in the state's manufacturing sector have risen by over 20% in the past decade.
- Durable goods account for over a third of Indiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the manufacturing of durable goods within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and productivity in a key sector of Indiana's economy, which is important for understanding inflationary pressures and guiding economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments in Indiana by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that affect Indiana's industrial and labor markets.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the release of this data, and the sample size may not capture all manufacturing activities in the state.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Indiana (SMU18000003100000030), retrieved from FRED.