Nondurable Manufacturing Earnings in Tennessee
TNENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,228,571.00
Year-over-Year Change
5.03%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Tennessee series tracks the average weekly earnings of workers in the nondurable manufacturing sector within the state of Tennessee. This metric is an important indicator of economic activity and workforce trends.
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 series represents the average weekly earnings for production and nonsupervisory employees in the nondurable goods manufacturing industry in Tennessee. It provides insight into the financial compensation and purchasing power of a key component of the state's workforce.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in nondurable manufacturing earnings are closely watched by policymakers and analysts to assess the overall health of Tennessee's economy.
Key Facts
- Nondurable manufacturing accounts for over 20% of Tennessee's total manufacturing output.
- Average weekly earnings in this sector have risen by 15% over the past decade.
- Tennessee ranks among the top 10 states for nondurable goods employment nationwide.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of production and nonsupervisory employees in the nondurable manufacturing sector within the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Trends in nondurable manufacturing earnings provide insight into the financial well-being and purchasing power of a key component of Tennessee's workforce, which is important for assessing the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor trends in nondurable manufacturing earnings to gauge the performance of Tennessee's economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The nondurable manufacturing earnings data for Tennessee is typically published with a 1-2 month lag by the U.S. Bureau of Labor Statistics.
Related Trends
Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Tennessee
TNCPUSYSDSGNQGSP
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Tennessee
TNPCELRPTSLSGSNPIS
Number of Identified Exporters to Japan from Tennessee
TNJPNA475SCEN
Housing Inventory: Median Days on Market Year-Over-Year in Tennessee
MEDDAYONMARYYTN
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Tennessee
TNDURMANRGSP
Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Tennessee
TNACCFDQGSP
Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Tennessee (TNENON), retrieved from FRED.