Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Massachusetts
SMU25000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,205.94
Year-over-Year Change
9.43%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the durable goods manufacturing industry in Massachusetts. It provides insights into wage growth and labor market conditions within a 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 Massachusetts series tracks the average weekly earnings of workers in the durable goods manufacturing industry in the state. This metric is used by economists and policymakers to assess labor market dynamics and inflationary pressures.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and policymakers to understand regional economic performance and inform policy decisions.
Key Facts
- Manufacturing is a key industry in Massachusetts, accounting for over 250,000 jobs.
- Durable goods production makes up a significant portion of the state's manufacturing output.
- Wage growth in this sector is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production workers in the durable goods manufacturing industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and labor market conditions within a key sector of the Massachusetts economy, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to understand regional economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedule and potential revisions of the U.S. Bureau of Labor Statistics.
Similar SMU Trends
Average Weekly Hours of All Employees: Goods Producing in Massachusetts
SMU25000000600000002
Number of Insured Nonmember Commercial Banks in Massachusetts
X08CBNMBIMA
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Massachusetts
MAADMINWASTRQGSP
Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Massachusetts
MAAGRRGSP
Gross Domestic Product: Retail Trade (44-45) in Massachusetts
MARETAILNQGSP
Average Weekly Hours of Production Employees: Manufacturing in Massachusetts
SMU25000003000000007
Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Massachusetts (SMU25000003100000030), retrieved from FRED.