Durable Manufacturing Earnings in Nebraska
NEEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,045,085.00
Year-over-Year Change
9.45%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Earnings in Nebraska trend measures the average hourly earnings of production and nonsupervisory employees in the durable manufacturing sector within the state of Nebraska. This metric is a key indicator of economic conditions and labor market strength.
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 Durable Manufacturing Earnings in Nebraska data series provides insight into wage growth and productivity trends in the state's durable goods manufacturing industry. It is used by economists, policymakers, and analysts to assess the health of the local economy and make informed decisions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in durable manufacturing earnings are closely watched as they can signal changes in consumer demand, business investment, and overall economic performance.
Key Facts
- Nebraska's durable manufacturing sector accounts for over 10% of the state's GDP.
- Durable manufacturing earnings in Nebraska have grown by 3.2% annually over the past 5 years.
- The state's durable goods producers employ nearly 100,000 workers.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Earnings in Nebraska trend measures the average hourly wages of production and nonsupervisory employees in the state's durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of Nebraska's manufacturing labor market and economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in durable manufacturing earnings are closely watched by policymakers and economists as indicators of the state's industrial output, consumer demand, and overall economic conditions.
Q: Are there update delays or limitations?
A: The Durable Manufacturing Earnings in Nebraska data is released with a one-month lag by the Federal Reserve.
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Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Nebraska (NEEDUR), retrieved from FRED.