Average Weekly Earnings of Production Employees: Manufacturing in North Carolina
SMU37000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
936.40
Year-over-Year Change
0.33%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in North Carolina measures the average weekly earnings of manufacturing production workers in the state. This metric provides insight into labor costs and economic conditions for a key industry.
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 of production employees in the manufacturing sector in North Carolina. It is a useful indicator of compensation trends and labor market dynamics that can inform economic analysis and policymaking.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the health of the manufacturing industry and broader economic conditions in North Carolina.
Key Facts
- North Carolina is a major manufacturing hub in the U.S.
- Manufacturing accounts for over 10% of the state's GDP.
- Wages in the sector have risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the manufacturing sector in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and economic conditions for a key industry, informing analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and market analysts to assess the health of the manufacturing industry and broader economic conditions in North Carolina.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be lags in reporting and potential limitations in survey coverage.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in North Carolina (SMU37000003000000030), retrieved from FRED.