Average Hourly Earnings of Production Employees: Manufacturing in Nebraska
SMU31000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.09
Year-over-Year Change
1.68%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees: Manufacturing in Nebraska measures the average hourly wage paid to manufacturing production workers in the state. This statistic is a key economic indicator used to track labor costs and overall wage trends.
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 metric represents the average hourly wage for non-supervisory production employees working in the manufacturing sector in the state of Nebraska. It is a valuable data point for economists, policymakers, and businesses to assess labor market conditions and wage pressures within the state's manufacturing industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this metric are monitored closely as they can inform federal reserve and state policy decisions related to employment, inflation, and economic growth.
Key Facts
- Nebraska's manufacturing sector accounts for over 10% of the state's GDP.
- This metric has increased by 3.2% over the past year.
- Manufacturing is one of Nebraska's largest private-sector employers.
FAQs
Q: What does this economic trend measure?
A: The Average Hourly Earnings of Production Employees: Manufacturing in Nebraska measures the average hourly wage paid to non-supervisory manufacturing workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor costs and wage pressures within Nebraska's manufacturing sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely monitored by the Federal Reserve and state policymakers to inform decisions related to employment, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
Similar SMU Trends
Real Personal Income: Metropolitan Portion for Nebraska
NEMPRPI
Exports of Goods: Manufactured Commodities for Nebraska
EXPMANNE
All Employees: Computer Systems Design and Related Services in Nebraska
SMU31000006054150001A
Gross Domestic Product: Transportation and Warehousing (48-49) in Nebraska
NETRANSWARENQGSP
Transportation Carbon Dioxide Emissions, Motor Gasoline for Nebraska
EMISSCO2VMGACBNEA
Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Nebraska
NEPRIGOODPROQGSP
Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing in Nebraska (SMU31000003000000008), retrieved from FRED.