Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Missouri
SMU29000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
867.77
Year-over-Year Change
1.32%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in Missouri. It provides insights into the labor costs and productivity of this key 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: Non-Durable Goods in Missouri is an important economic indicator that reflects the weekly compensation for workers involved in the production of non-durable goods. It is used to analyze regional manufacturing labor costs and productivity.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this metric to assess the competitiveness and health of Missouri's non-durable goods manufacturing sector.
Key Facts
- Missouri is a major hub for non-durable goods manufacturing.
- Wages in this sector have grown steadily over the past decade.
- The trend provides insights into regional labor market dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production workers in the non-durable goods manufacturing sector in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor costs and productivity in a key industry, which informs economic policymaking and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the competitiveness and health of Missouri's non-durable goods manufacturing sector.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay and may be subject to revisions by the source agency.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Missouri (SMU29000003200000030), retrieved from FRED.