Average Weekly Earnings of All Employees: Manufacturing in Minnesota
SMU27000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,454.89
Year-over-Year Change
7.17%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Manufacturing in Minnesota tracks changes in average weekly earnings for manufacturing workers in the state, providing insight into labor market conditions and wage growth.
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 economic indicator measures the average weekly earnings of all employees in the manufacturing sector in Minnesota. It is used by economists and policymakers to analyze trends in labor costs, productivity, and the overall health of the state's manufacturing industry.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing wages can inform monetary and fiscal policy decisions at the state and national level.
Key Facts
- Manufacturing accounts for over 10% of Minnesota's GDP.
- Average weekly earnings in Minnesota manufacturing are higher than the national average.
- Wage growth in Minnesota manufacturing has outpaced the overall state average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Manufacturing in Minnesota tracks the average weekly earnings of workers in the state's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into labor costs, productivity, and the overall health of Minnesota's manufacturing industry, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in manufacturing wages can inform monetary and fiscal policy decisions at the state and national level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Minnesota (SMU27000003000000011), retrieved from FRED.