Average Hourly Earnings of All Employees: Goods Producing in Pennsylvania
SMU42000000600000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.30
Year-over-Year Change
1.47%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Goods Producing in Pennsylvania' measures the average hourly wage for workers in the goods-producing sector of Pennsylvania's economy. This metric is a key indicator of labor market conditions and trends in worker compensation.
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 represents the average hourly wage paid to employees in Pennsylvania's goods-producing industries, which include manufacturing, mining, and construction. It is an important economic indicator used to track changes in worker earnings and labor costs over time.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this trend to assess the strength of Pennsylvania's economy and make informed decisions about economic and labor market policies.
Key Facts
- Pennsylvania is a major manufacturing hub in the U.S.
- Wages in the goods-producing sector can signal broader economic trends
- This data series dates back to 1990
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to workers in Pennsylvania's goods-producing industries, including manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of labor market conditions and trends in worker compensation, providing insights into the strength of Pennsylvania's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the strength of Pennsylvania's economy and make informed decisions about economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with no major update delays, providing timely information on trends in Pennsylvania's goods-producing sector.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Goods Producing in Pennsylvania (SMU42000000600000003), retrieved from FRED.