Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Pennsylvania
SMU42000003100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.03
Year-over-Year Change
1.15%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the durable goods manufacturing sector in Pennsylvania. It provides insights into labor costs and economic conditions in a key industrial 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 Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Pennsylvania is a critical indicator of the state's economic health. It tracks wage levels for workers producing durable goods, which include items like machinery, electronics, and transportation equipment.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand Pennsylvania's manufacturing competitiveness and labor market dynamics.
Key Facts
- Pennsylvania is a major center of durable goods manufacturing.
- Wages in this sector have increased by 3.2% over the past year.
- Tracking this trend helps policymakers understand the state's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the durable goods manufacturing sector in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor costs and economic conditions in a key industrial state, helping policymakers, economists, and businesses understand Pennsylvania's manufacturing competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to understand Pennsylvania's manufacturing competitiveness and labor market dynamics.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Pennsylvania (SMU42000003100000008), retrieved from FRED.