Average Weekly Earnings of All Employees: Manufacturing in Massachusetts
SMU25000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,538.96
Year-over-Year Change
2.55%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Manufacturing in Massachusetts' metric tracks the average weekly wage for manufacturing workers in the state, providing insight into the economic health of the 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 series measures the average weekly earnings of all employees, including production and non-supervisory workers, in the manufacturing industry across Massachusetts. It is a key economic indicator used to assess wage growth, worker productivity, and overall employment conditions in the state's manufacturing sector.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Manufacturing earnings data is closely watched by policymakers, economists, and investors to gauge the strength of the state's economy and inform economic decisions.
Key Facts
- Massachusetts is a major U.S. manufacturing hub.
- Manufacturing accounts for over 9% of the state's GDP.
- Average weekly earnings in MA manufacturing have risen by 20% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees, including production and non-supervisory workers, in the manufacturing industry across Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing earnings data is a key indicator of the economic health and worker productivity in a major sector of the Massachusetts economy.
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: Policymakers, economists, and investors closely monitor manufacturing earnings to gauge the strength of the state's economy and inform economic decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Massachusetts (SMU25000003000000011), retrieved from FRED.