Average Weekly Earnings of Production Employees: Manufacturing in Nebraska
SMU31000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,077.52
Year-over-Year Change
4.72%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Nebraska measures the average weekly earnings of production workers in the manufacturing sector of the Nebraska economy. This metric provides insights into labor costs and economic conditions in the state.
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 series tracks the average weekly earnings for production workers in the manufacturing industry within Nebraska. It is a useful indicator of compensation trends and can help economists and policymakers assess the competitiveness and health of the state's labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing wages are closely monitored by economists and policymakers to gauge inflationary pressures and the broader economic climate.
Key Facts
- Nebraska's manufacturing sector employs over 100,000 workers.
- Average weekly earnings in Nebraska manufacturing have increased by 20% over the past decade.
- Manufacturing is a key driver of the Nebraska economy, accounting for over 10% of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production workers in the manufacturing sector of the Nebraska economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing wages provide insights into labor costs and economic conditions in Nebraska, which is important for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring manufacturing wage trends helps economists and policymakers assess inflationary pressures and the overall health of the state's labor market and economy.
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 Weekly Earnings of Production Employees: Manufacturing in Nebraska (SMU31000003000000030), retrieved from FRED.