Average Weekly Earnings of All Employees: Manufacturing in Maine
SMU23000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,229.12
Year-over-Year Change
1.36%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the manufacturing sector in the state of Maine. It is a key indicator of economic activity and the financial well-being of manufacturing workers in the state.
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 All Employees: Manufacturing in Maine series tracks the average weekly earnings of all employees, including production and supervisory personnel, working in the manufacturing industry across the state. This metric provides insights into the compensation levels and purchasing power of manufacturing workers, which is useful for policymakers and economists analyzing regional economic conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and federal policymakers to assess the health of Maine's manufacturing sector and guide economic development initiatives.
Key Facts
- Manufacturing accounts for over 10% of Maine's GDP.
- The average weekly earnings in Maine's manufacturing sector are above the national average.
- Manufacturing employment in Maine has declined by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees, including production and supervisory personnel, working in the manufacturing industry across the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the compensation levels and purchasing power of manufacturing workers in Maine, which is useful for policymakers and economists analyzing regional economic conditions and the health of the state's manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through 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 state and federal policymakers to assess the health of Maine's manufacturing sector and guide economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Maine (SMU23000003000000011), retrieved from FRED.