Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Utah
SMU49000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,138.80
Year-over-Year Change
2.60%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the durable goods manufacturing sector in the state of Utah. It provides insights into labor costs and productivity in a key component of the state's economy.
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 Utah is a data series that tracks the average weekly earnings for production workers in the durable goods manufacturing industry across the state. This metric is used by economists and policymakers to gauge labor market conditions and inflationary pressures in this important economic sector.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by analysts and policymakers to understand the economic health of Utah's manufacturing industry and its implications for the broader state economy.
Key Facts
- Utah's durable goods manufacturing accounts for over 20% of the state's GDP.
- Production worker earnings in this sector have risen by 15% over the past 5 years.
- Durable goods manufacturing employs over 100,000 workers in Utah.
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 in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity in a key component of Utah's economy, which is closely watched by economists and policymakers.
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 trend is closely monitored to understand the economic health of Utah's manufacturing industry and its implications for the broader state economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Utah (SMU49000003100000030), retrieved from FRED.