Average Hourly Earnings of All Employees, Goods-Producing
CES0600000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.11
Year-over-Year Change
3.63%
Date Range
3/1/2006 - 7/1/2025
Summary
Tracks average hourly earnings for goods-producing employees. Provides critical insight into wage trends and labor compensation in manufacturing and production sectors.
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
Measures compensation for workers in goods-producing industries. Reflects economic health, productivity, and labor market dynamics in manufacturing sectors.
Methodology
Calculated through comprehensive employer payroll and workforce surveys.
Historical Context
Used by policymakers to assess wage growth, inflation, and economic productivity.
Key Facts
- Covers manufacturing and production workers
- Indicates economic health and labor market strength
- Helps predict inflation and consumer spending
FAQs
Q: What industries are included in goods-producing sectors?
A: Includes manufacturing, construction, mining, and utility production. Represents core industrial workforce.
Q: How do hourly earnings impact the economy?
A: Higher wages can indicate economic growth and increased consumer spending. Reflects labor market strength.
Q: Why track goods-producing employee earnings?
A: Provides insights into industrial productivity, economic health, and potential inflationary pressures.
Q: How frequently are these earnings updated?
A: Monthly data updates provide current snapshot of wage trends in goods-producing industries.
Q: What factors influence these hourly earnings?
A: Productivity, economic conditions, labor demand, and industry-specific market dynamics affect wages.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees, Goods-Producing (CES0600000003), retrieved from FRED.