Durable Manufacturing Wages and Salaries in Indiana
INWDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,231,065.00
Year-over-Year Change
1.13%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Wages and Salaries in Indiana metric tracks earnings in the state's durable goods manufacturing sector. This provides valuable insights into labor market conditions and economic performance.
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 data series measures the average weekly wages and salaries paid to workers in Indiana's durable goods manufacturing industries. It offers a detailed view of compensation trends within this key part of the state's economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps policymakers and analysts assess the health of Indiana's manufacturing sector.
Key Facts
- Durable manufacturing is a major part of Indiana's economy.
- Wages in this sector have risen steadily in recent years.
- Indiana's durable goods wages tend to track national trends.
FAQs
Q: What does this economic trend measure?
A: This metric tracks average weekly wages and salaries paid to workers in Indiana's durable goods manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: It provides valuable insights into labor market conditions and economic performance within a key sector of Indiana's economy.
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: This metric helps policymakers and analysts assess the health of Indiana's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Durable Manufacturing Wages and Salaries in Indiana (INWDUR), retrieved from FRED.