Durable Manufacturing Earnings in Virginia
VAEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,915,883.00
Year-over-Year Change
14.07%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Durable Manufacturing Earnings in Virginia' trend measures average weekly earnings in the durable goods manufacturing sector in the state of Virginia. This metric provides insight into the economic health and wages of an important industry 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
Durable goods manufacturing encompasses the production of long-lasting items like machinery, electronics, and transportation equipment. Analyzing earnings in this sector can help economists and policymakers assess the strength of Virginia's manufacturing base and broader economic conditions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in durable manufacturing earnings are closely watched by analysts to gauge the state's economic performance and competitiveness.
Key Facts
- Virginia is a major hub for durable goods production.
- Manufacturing accounts for over 10% of the state's GDP.
- Earnings in this sector have risen by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers in the durable goods manufacturing sector in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Durable manufacturing earnings provide insight into the economic health and competitiveness of a key industry in Virginia, which can inform business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in durable manufacturing earnings are closely watched by economists, policymakers, and market analysts to assess the strength of Virginia's manufacturing base and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released with a 1-2 month lag and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Virginia (VAEDUR), retrieved from FRED.