Average Hourly Earnings of Production Employees: Manufacturing in West Virginia
SMU54000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.50
Year-over-Year Change
1.67%
Date Range
1/1/2003 - 7/1/2025
Summary
The Average Hourly Earnings of Production Employees: Manufacturing in West Virginia is an important economic indicator that tracks the average hourly wages of manufacturing workers in the 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
This metric provides insight into the cost of labor and productivity trends within West Virginia's manufacturing sector, which is a crucial component of the state's economy. It is widely used by economists, policymakers, and businesses to understand broader wage dynamics and labor market conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for monitoring the competitiveness of West Virginia's manufacturing industry and informing economic and workforce development policies.
Key Facts
- Manufacturing accounts for over 10% of West Virginia's GDP.
- The state's average manufacturing wage is higher than the national average.
- This data series dates back to 1990.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages of production employees in the manufacturing sector within the state of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the cost of labor and productivity in West Virginia's manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the competitiveness of West Virginia's manufacturing sector and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: This data series is updated monthly and is subject to the standard publication schedule of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing in West Virginia (SMU54000003000000008), retrieved from FRED.