Average Weekly Earnings of Production Employees: Manufacturing in Minnesota
SMU27000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,193.09
Year-over-Year Change
9.13%
Date Range
1/1/2001 - 7/1/2025
Summary
The 'Average Weekly Earnings of Production Employees: Manufacturing in Minnesota' series tracks the average weekly earnings of manufacturing production workers in the state of Minnesota. This metric is a key indicator of economic activity and labor market conditions.
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 represents the average weekly earnings paid to production employees in the manufacturing sector across Minnesota. It is a widely-monitored economic statistic used by policymakers, economists, and analysts to gauge trends in worker compensation and labor market strength.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average manufacturing wages provide insight into inflationary pressures, productivity, and the overall health of the state's economy.
Key Facts
- Minnesota is a major manufacturing hub in the Midwest.
- Manufacturing accounts for over 10% of the state's GDP.
- Wages in this sector are typically higher than the state average.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of production employees in the manufacturing sector across Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing wages provide insight into labor market conditions, inflationary pressures, and the overall health of Minnesota's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use this metric to assess the strength of the state's manufacturing sector and broader economic activity.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Minnesota (SMU27000003000000030), retrieved from FRED.