Average Weekly Earnings of Production Employees: Manufacturing in Montana
SMU30000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
960.77
Year-over-Year Change
11.24%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Montana tracks the average weekly wages of production workers in the manufacturing sector of Montana's economy.
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 indicator provides insight into the labor market conditions and cost of production for manufacturers in Montana. It is used by economists, policymakers, and businesses to monitor wage trends and inflationary pressures.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The manufacturing sector is a key driver of Montana's economy, so trends in production worker wages are closely watched for their implications on competitiveness and overall economic health.
Key Facts
- Montana's manufacturing sector accounts for over 5% of the state's GDP.
- Production worker wages have risen by 18% in Montana over the past decade.
- Wage growth in Montana's manufacturing lags the national average.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of Production Employees: Manufacturing in Montana tracks the average weekly wages of production workers in the manufacturing sector of Montana's economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the labor market conditions and cost of production for manufacturers in Montana, which is a key driver of the state'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: Trends in production worker wages are closely watched by economists, policymakers, and businesses for their implications on competitiveness and overall economic health.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Montana (SMU30000003000000030), retrieved from FRED.