Average Weekly Earnings of Production Employees: Durable Goods: Transportation Equipment Manufacturing in Indiana
SMU18000003133600030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,216.22
Year-over-Year Change
29.27%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the transportation equipment manufacturing industry in Indiana. It provides insight into wage levels and changes 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 trend tracks the average gross earnings of hourly and salaried production workers in the transportation equipment manufacturing industry within the state of Indiana. It is a useful indicator of compensation levels and can signal changes in labor costs and productivity within this important industrial segment.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and industry participants to assess the economic health and labor market conditions in Indiana's transportation manufacturing sector.
Key Facts
- Indiana is a major hub for transportation equipment manufacturing.
- This sector employs over 100,000 workers in the state.
- Wages in this industry are typically higher than the state average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the transportation equipment manufacturing industry in Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wage levels and changes in a key manufacturing sector, which is important for assessing economic conditions and labor market dynamics in Indiana.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, analysts, and industry participants to assess the economic health and labor market conditions in Indiana's transportation manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Durable Goods: Transportation Equipment Manufacturing in Indiana (SMU18000003133600030A), retrieved from FRED.