Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Nebraska
SMU31000003100000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,081.12
Year-over-Year Change
48.95%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the manufacturing of durable goods industry in Nebraska. It provides insights into the labor market and wage dynamics in this key 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 Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Nebraska series tracks the average weekly earnings of workers in the durable goods manufacturing industry in the state. This metric is used by economists and policymakers to monitor the strength of the labor market and understand inflationary pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for assessing the economic health of Nebraska's manufacturing sector and can inform policy decisions related to employment, wages, and industrial development.
Key Facts
- The series began in January 1990.
- Manufacturing accounts for over 10% of Nebraska's GDP.
- Durable goods manufacturing is a key driver of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the durable goods manufacturing industry in Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market and wage dynamics in a key sector of Nebraska's economy, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing the economic health of Nebraska's manufacturing sector and can inform policy decisions related to employment, wages, and industrial development.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the Bureau of Labor Statistics employer surveys.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Nebraska (SMU31000003100000030A), retrieved from FRED.