Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Pennsylvania
SMU42000003133200030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,049.51
Year-over-Year Change
9.24%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the durable goods manufacturing sector of the fabricated metal product industry in Pennsylvania. It provides insights into labor costs and productivity within this key industrial segment.
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: Fabricated Metal Product Manufacturing in Pennsylvania series tracks the average weekly wages for hourly and salaried production workers in this specific manufacturing subsector and geographic region. This metric is used by economists to analyze employment, inflation, and overall economic conditions.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps inform policy decisions and business strategies related to the manufacturing industry in Pennsylvania.
Key Facts
- Pennsylvania is a major hub for durable goods manufacturing.
- Fabricated metal products make up a significant portion of the state's industrial output.
- Wages in this sector can signal changes in labor costs and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the durable goods manufacturing sector of the fabricated metal product industry in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity within a key manufacturing subsector, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator helps inform policy decisions and business strategies related to the manufacturing industry in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Labor Statistics manufacturing surveys.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Pennsylvania (SMU42000003133200030), retrieved from FRED.