Average Weekly Earnings of All Employees: Manufacturing in North Dakota
SMU38000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,228.49
Year-over-Year Change
5.24%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Manufacturing in North Dakota tracks the average weekly earnings of manufacturing workers in the state. This metric provides insights into labor costs and productivity trends in North Dakota's manufacturing 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
This series measures the average weekly earnings of all employees in the manufacturing industry within North Dakota. It is a key indicator of labor costs and worker compensation, which are important factors in assessing the competitiveness and profitability of the state's manufacturing activities.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to understand the economic conditions and labor market dynamics in North Dakota's manufacturing industry.
Key Facts
- North Dakota's manufacturing sector employs over 30,000 workers.
- Average weekly earnings in North Dakota manufacturing are higher than the national average.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the manufacturing industry within the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and worker compensation in North Dakota's manufacturing sector, which is an important factor for assessing the industry's competitiveness and profitability.
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: Policymakers and economists monitor this trend to understand the economic conditions and labor market dynamics in North Dakota's manufacturing industry, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Bureau of Labor Statistics, with a typical release delay of a few weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in North Dakota (SMU38000003000000011), retrieved from FRED.