Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Nebraska
SMU31000003200000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
974.80
Year-over-Year Change
56.89%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the non-durable goods manufacturing industry in Nebraska. It provides important insights into the state's labor market and economic conditions.
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 Nebraska is a key indicator that reflects the wages and compensation levels for workers in the state's non-durable manufacturing sector. It is used by economists and policymakers to assess the strength and competitiveness of Nebraska's labor market.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, businesses, and policymakers to understand the economic health and competitiveness of Nebraska's manufacturing industry.
Key Facts
- Nebraska's non-durable goods manufacturing sector employs over 50,000 workers.
- Average weekly earnings in this industry have increased by 15% over the past 5 years.
- Wages in Nebraska's non-durable manufacturing are 7% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the non-durable goods manufacturing industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and competitiveness of Nebraska's labor market, which is crucial for understanding the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, businesses, and policymakers to assess the health and competitiveness of Nebraska's manufacturing industry, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Nebraska (SMU31000003200000030A), retrieved from FRED.