Nondurable Manufacturing Wages and Salaries in North Carolina
NCWNON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,831,155.00
Year-over-Year Change
13.06%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Nondurable Manufacturing Wages and Salaries in North Carolina' trend measures earnings in the state's nondurable manufacturing sector, providing insights into labor costs and economic conditions.
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 economic indicator tracks the average weekly wages and salaries of employees in North Carolina's nondurable manufacturing industries, which include sectors like food, textiles, and chemicals. It is used by economists and policymakers to assess the broader health of the state's manufacturing economy.
Methodology
The data is collected through surveys of North Carolina employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in nondurable manufacturing wages can inform decisions around economic development, workforce policies, and business investment in the state.
Key Facts
- North Carolina is a major center of nondurable manufacturing in the U.S.
- Wages in this sector have risen steadily over the past decade.
- Nondurable manufacturing accounts for over 10% of North Carolina's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly wages and salaries of employees in North Carolina's nondurable manufacturing industries, including sectors like food, textiles, and chemicals.
Q: Why is this trend relevant for users or analysts?
A: Trends in nondurable manufacturing wages provide insights into labor costs and the broader health of North Carolina's manufacturing economy, which is an important driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of North Carolina employers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in nondurable manufacturing wages can inform decisions around economic development, workforce policies, and business investment in North Carolina.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Wages and Salaries in North Carolina (NCWNON), retrieved from FRED.