Average Weekly Earnings of All Employees: Manufacturing in Pennsylvania
SMU42000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,319.83
Year-over-Year Change
0.28%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Manufacturing in Pennsylvania is an economic indicator that measures the average weekly earnings of manufacturing workers in the state. This metric provides insights into the strength of the manufacturing sector and the purchasing power of workers.
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 all employees in the manufacturing industry across Pennsylvania. It is an important economic indicator used to analyze trends in worker compensation, labor costs, and the overall health of the state's manufacturing sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand the economic conditions and make informed decisions.
Key Facts
- Pennsylvania is a major manufacturing hub in the United States.
- Manufacturing accounts for over 10% of the state's GDP.
- The average weekly earnings in Pennsylvania's manufacturing sector have risen by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Manufacturing in Pennsylvania measures the average weekly earnings of workers in the manufacturing industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength of the manufacturing sector, worker compensation, and the overall economic conditions in Pennsylvania.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to analyze labor market conditions, make informed decisions, and develop economic policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Pennsylvania (SMU42000003000000011), retrieved from FRED.