Average Weekly Earnings of Production Employees: Manufacturing in Missouri
SMU29000003000000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,122.59
Year-over-Year Change
51.69%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the manufacturing sector in Missouri. It provides insight into labor costs and productivity in a key state 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 in Missouri series tracks the average weekly pay for production workers in Missouri's manufacturing sector. This metric is used to monitor wage trends and labor market conditions in the state's industrial base.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend helps policymakers and economists assess the health and competitiveness of Missouri's manufacturing industry.
Key Facts
- Missouri's manufacturing sector employs over 270,000 workers.
- Manufacturing accounts for 11% of Missouri's GDP.
- Average weekly earnings in Missouri manufacturing were $1,080 in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the manufacturing sector in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity in Missouri's industrial base, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend helps policymakers and economists assess the health and competitiveness of Missouri's manufacturing industry.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Missouri (SMU29000003000000030A), retrieved from FRED.