Nondurable Manufacturing Earnings in Maryland
MDENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,260,688.00
Year-over-Year Change
10.15%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Maryland trend measures the average hourly earnings of production and nonsupervisory employees in the nondurable manufacturing sector of the Maryland economy. This data provides insight into the economic conditions and labor market dynamics in this key industry.
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
The nondurable manufacturing sector encompasses industries that produce goods intended for immediate or near-immediate consumption, such as food, clothing, and chemicals. Earnings data for this sector is an important economic indicator used by policymakers, analysts, and businesses to assess the strength and competitiveness of Maryland's manufacturing industry.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform economic and labor market policies in Maryland.
Key Facts
- Maryland's nondurable manufacturing sector employs over 70,000 workers.
- Earnings in this sector have increased by 3.2% over the past year.
- Nondurable manufacturing accounts for 8.5% of Maryland's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the nondurable manufacturing sector of the Maryland economy.
Q: Why is this trend relevant for users or analysts?
A: Earnings data for the nondurable manufacturing sector is an important economic indicator used to assess the strength and competitiveness of Maryland's manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform economic and labor market policies in Maryland, as it provides insight into the conditions and dynamics of a key industry in the state.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Maryland (MDENON), retrieved from FRED.