Nondurable Manufacturing Earnings in Arkansas
ARENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,521,967.00
Year-over-Year Change
14.15%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Arkansas trend measures the average weekly earnings of nondurable goods manufacturing workers in the state. This metric is important for policymakers and economists to understand regional economic conditions and labor market dynamics.
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 of production and nonsupervisory employees in Arkansas's nondurable goods manufacturing sector. It provides insight into wage levels and cost of living in the state's manufacturing industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate economic performance and make informed decisions.
Key Facts
- Arkansas's nondurable manufacturing earnings averaged $700 per week in 2022.
- Nondurable manufacturing accounts for 15% of Arkansas's total employment.
- Earnings in this sector have grown by 3% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Nondurable Manufacturing Earnings in Arkansas trend measures the average weekly earnings of production and nonsupervisory employees in the state's nondurable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into regional wage levels and cost of living, which is important for policymakers, businesses, and economists to understand economic conditions and labor market dynamics in Arkansas.
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: Policymakers and analysts use this metric to evaluate economic performance and make informed decisions about issues such as taxation, workforce development, and regional economic development.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Arkansas (ARENON), retrieved from FRED.