Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts
SMU25000003133400008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.95
Year-over-Year Change
11.85%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the computer and electronic product manufacturing industry within Massachusetts. It is a key indicator of labor costs and productivity in this important high-tech 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 Hourly Earnings of Production Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts data series provides insights into wage trends for frontline workers in this technology-focused industry. It is used by economists and policymakers to analyze regional labor market dynamics and labor cost pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding the competitiveness and profitability of Massachusetts' computer and electronics manufacturing sector.
Key Facts
- Massachusetts is a major hub for computer and electronic product manufacturing.
- This industry accounts for a significant share of the state's GDP and employment.
- Wages in this sector tend to be higher than the manufacturing average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average hourly earnings of production employees in the computer and electronic product manufacturing industry within Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding labor cost dynamics and productivity trends in a key high-tech manufacturing sector within the Massachusetts economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is relevant for policymakers and economists analyzing the competitiveness and profitability of Massachusetts' computer and electronics manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with some lag from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts (SMU25000003133400008), retrieved from FRED.