Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Missouri
SMU29000003100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.10
Year-over-Year Change
-2.81%
Date Range
1/1/2001 - 6/1/2025
Summary
This trend measures the average hourly earnings of production employees in the manufacturing sector for durable goods industries in Missouri. It provides insights into wage dynamics and labor market conditions in this important economic 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 in Missouri is a key economic indicator that tracks changes in compensation for workers involved in the production of durable goods within the manufacturing industry in the state of Missouri. This metric is widely used by economists and policymakers to assess labor market conditions and inform economic decision-making.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state of the manufacturing sector and its impact on the broader Missouri economy.
Key Facts
- Missouri is a major manufacturing hub in the United States.
- Durable goods industries account for a significant portion of the state's manufacturing output.
- Wages in the manufacturing sector are closely monitored as an indicator of economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the manufacturing sector for durable goods industries in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wage dynamics and labor market conditions in the crucial manufacturing sector of the Missouri economy, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the state of the manufacturing sector and its impact on the broader Missouri economy, informing economic decision-making and policy interventions.
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 Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Missouri (SMU29000003100000008), retrieved from FRED.