Average Hourly Earnings of Production and Nonsupervisory Employees, Goods-Producing
CES0600000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.43
Year-over-Year Change
4.01%
Date Range
1/1/1947 - 7/1/2025
Summary
Tracks hourly wages for production workers in goods-producing sectors. Provides critical insight into labor compensation and economic health of manufacturing and industrial workforce.
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 base hourly earnings for workers directly involved in producing tangible goods. Represents a key indicator of wage trends in production-oriented industries.
Methodology
Bureau of Labor Statistics surveys employers to collect comprehensive wage data monthly.
Historical Context
Used by policymakers to assess labor market conditions and wage growth in manufacturing sectors.
Key Facts
- Represents non-management production workers
- Excludes supervisory and administrative personnel
- Monthly data collection by BLS
FAQs
Q: What industries are included in goods-producing sectors?
A: Includes manufacturing, mining, construction, and utility industries. Covers workers directly involved in physical production.
Q: How often is this data updated?
A: Monthly updates by the Bureau of Labor Statistics. Provides current wage trend information.
Q: Why are production worker wages important?
A: Indicates economic health, consumer spending potential, and labor market dynamics in key industrial sectors.
Q: How do these earnings compare to total workforce wages?
A: Typically lower than overall workforce average due to exclusion of management and administrative salaries.
Q: Can this data predict economic trends?
A: Serves as a leading indicator of economic conditions and potential inflationary pressures.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production and Nonsupervisory Employees, Goods-Producing (CES0600000008), retrieved from FRED.