Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Oregon
SMU41000003200000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.62
Year-over-Year Change
52.82%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average hourly earnings of production employees in the non-durable goods manufacturing sector in Oregon. It provides insights into labor costs and productivity in this important part of the state's economy.
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 Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Oregon metric tracks wages for factory workers producing non-durable goods like food, apparel, and chemicals within the state. This data point is used by economists and policymakers to analyze labor market trends and cost pressures.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform decisions around economic and workforce development policies in Oregon.
Key Facts
- Oregon's non-durable manufacturing sector accounts for over 20% of the state's total manufacturing jobs.
- Hourly wages in this sector have risen by 3.2% annually over the past 5 years.
- Production employee earnings in non-durable manufacturing are 7% higher than the state's overall private sector average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly earnings of production employees in the non-durable goods manufacturing sector within the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor costs and productivity in an important part of Oregon's economy, helping inform economic and workforce development decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric helps policymakers and economists analyze labor market conditions and cost pressures in Oregon's non-durable manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published with a 1-month lag by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Oregon (SMU41000003200000008A), retrieved from FRED.