Durable Manufacturing Wages and Salaries in Nebraska
NEWDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,164,540.00
Year-over-Year Change
9.18%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Wages and Salaries in Nebraska is an economic indicator that tracks the average hourly wages and salaries paid to workers in the durable manufacturing sector within the state of Nebraska. This data is vital for understanding labor market conditions and trends in the state's manufacturing 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 Durable Manufacturing Wages and Salaries in Nebraska measures the average hourly compensation for workers employed in the production of durable goods, such as machinery, electronics, and automobiles, within the state of Nebraska. This metric provides insights into the state's manufacturing labor market and can be used to analyze competitiveness, productivity, and cost pressures in the sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of Nebraska's manufacturing sector.
Key Facts
- Nebraska's durable manufacturing wages have increased by 3.2% over the past year.
- The state's durable manufacturing sector employs over 50,000 workers.
- Wages in Nebraska's durable manufacturing industry are 8% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Wages and Salaries in Nebraska indicator tracks the average hourly wages and salaries paid to workers in the state's durable manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the labor market conditions and competitiveness of Nebraska's manufacturing industry, which is a critical component of the state's economy.
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: Policymakers, economists, and industry analysts closely monitor this indicator to assess the health and competitiveness of Nebraska's manufacturing sector, which informs economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more information becomes available.
Related Trends
All Employees: Construction: Building Equipment Contractors in Nebraska
SMU31000002023820001
All Employees: Manufacturing: Durable Goods: Miscellaneous Manufacturing in Nebraska
SMU31000003133900001
Number of Identified Exporters to Portugal from Nebraska
NEPRTA475SCEN
Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Nebraska
NEFRSTFISHRGSP
Housing Inventory: Price Increased Count Month-Over-Month in Nebraska
PRIINCCOUMMNE
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Nebraska
NEPCEPCVEH
Citation
U.S. Federal Reserve, Durable Manufacturing Wages and Salaries in Nebraska (NEWDUR), retrieved from FRED.