Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Tennessee
SMU47000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,037.95
Year-over-Year Change
0.21%
Date Range
1/1/2001 - 6/1/2025
Summary
This trend measures the average weekly earnings of production employees in the durable goods manufacturing sector in Tennessee. It provides insights into wage trends and labor market conditions in this key economic 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 in Tennessee series tracks the average weekly earnings for non-supervisory workers in the durable goods manufacturing industry across the state. This metric is widely used by economists and policymakers to analyze labor market dynamics and wage pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps inform policy decisions and provides context for assessing the strength of the manufacturing sector and broader economic conditions in Tennessee.
Key Facts
- Tennessee is a major hub for durable goods manufacturing.
- Wages in this sector can indicate worker productivity and inflationary pressures.
- Tracking earnings trends helps assess the health of the state's economy.
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 across Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage dynamics and labor market conditions in a key economic segment, which is useful for economists, policymakers, and market analysts.
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: This indicator helps inform policy decisions and provides context for assessing the strength of the manufacturing sector and broader economic conditions in Tennessee.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Tennessee (SMU47000003100000030), retrieved from FRED.