Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Minnesota
SMU27000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,284.61
Year-over-Year Change
12.58%
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 sector in Minnesota. It provides insight into labor market conditions and wage growth within this important industry.
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 Minnesota series tracks the average weekly earnings for hourly production workers in the durable goods manufacturing industry across the state. This metric is a key indicator of economic activity and worker compensation in this vital sector.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the health of Minnesota's manufacturing economy.
Key Facts
- Minnesota is a major hub for durable goods manufacturing.
- Wages in this sector impact consumer spending and economic growth.
- The trend has shown steady increases in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the durable goods manufacturing sector in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and wage growth within Minnesota's important manufacturing industry, which is closely watched by policymakers and economists.
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: This trend is closely monitored by policymakers, economists, and industry analysts to gauge the health of Minnesota's manufacturing economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical time lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Minnesota (SMU27000003100000030), retrieved from FRED.