Average Weekly Earnings of Production Employees: Manufacturing in South Carolina
SMU45000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,105.05
Year-over-Year Change
16.62%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the manufacturing sector of South Carolina. It provides insights into labor costs and economic conditions in this important state industry.
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 in South Carolina tracks the average weekly pay for non-supervisory workers in South Carolina's manufacturing facilities. This metric is a key indicator of labor market conditions and trends in manufacturing costs for the state.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the competitiveness and health of South Carolina's manufacturing sector.
Key Facts
- South Carolina is a major manufacturing hub, producing aerospace, automotive, and other goods.
- Manufacturing accounts for over 15% of the state's GDP.
- Wage trends impact the state's cost of living and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the manufacturing sector of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and economic conditions in South Carolina's important manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the competitiveness and health of South Carolina's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in South Carolina (SMU45000003000000030), retrieved from FRED.