Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Ohio
SMU39000003133600030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,519.57
Year-over-Year Change
33.84%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures average weekly earnings of production employees in the transportation equipment manufacturing industry within the durable goods manufacturing sector in Ohio. It provides insight into wage trends and labor costs in a key manufacturing industry within 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
The Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Ohio series tracks the average weekly wages of production workers in this specific manufacturing subsector and geographic region. It is a valuable economic indicator for analyzing employment costs, consumer purchasing power, and industry competitiveness.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of businesses.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and investors to assess the economic health and labor market dynamics of Ohio's manufacturing sector.
Key Facts
- Ohio is a major center for transportation equipment manufacturing.
- Wages in this industry have grown steadily over the past decade.
- Production employee earnings are a key input for analyzing labor costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the transportation equipment manufacturing industry within the durable goods manufacturing sector in Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into wage trends and labor costs in a crucial manufacturing industry within the state, which is important for assessing economic competitiveness and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of businesses.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, industry analysts, and investors to assess the economic health and labor market dynamics of Ohio's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a short time lag, providing timely information on wage trends in this industry.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Ohio (SMU39000003133600030), retrieved from FRED.