Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Indiana
SMU18000003133600030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,213.70
Year-over-Year Change
6.22%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic indicator measures the average weekly earnings of production employees in the transportation equipment manufacturing industry within Indiana. It provides insights into labor costs and trends in this key 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
The Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Indiana is a monthly economic statistic that tracks the average compensation, including wages and salaries, for production workers in this specific industry and geographic area. It is a valuable indicator of labor market conditions and inflationary pressures.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess the health of the Indiana manufacturing economy.
Key Facts
- Indiana is a major hub for transportation equipment manufacturing.
- Production worker earnings in this industry can impact broader economic conditions.
- Data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly earnings of production workers in the transportation equipment manufacturing industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and inflationary pressures in a key manufacturing sector, which is useful for policymakers, economists, and industry analysts assessing the health of the Indiana economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers and economists to gauge labor market conditions and inflationary pressures in the Indiana manufacturing sector, which can inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a short lag time between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Indiana (SMU18000003133600030), retrieved from FRED.