Nondurable Manufacturing Earnings in Oregon
ORENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,696,645.00
Year-over-Year Change
1.90%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Oregon measures total earnings for workers in the nondurable manufacturing sector of the Oregon economy. This indicator provides insights into economic activity and labor market trends in the state.
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
Nondurable manufacturing refers to industries that produce goods with a lifespan of less than three years, such as food, clothing, and chemicals. Trends in nondurable manufacturing earnings reflect the overall health and productivity of Oregon's industrial base.
Methodology
The data is collected and published by the U.S. Bureau of Labor Statistics as part of its Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and analysts use this metric to assess the strength of Oregon's manufacturing sector and make informed decisions about economic development strategies.
Key Facts
- Oregon's nondurable manufacturing sector accounts for over 15% of the state's total employment.
- Earnings in this sector have grown by an average of 3% annually over the past decade.
- The food processing industry is the largest component of Oregon's nondurable manufacturing employment.
FAQs
Q: What does this economic trend measure?
A: The Nondurable Manufacturing Earnings in Oregon measure total earnings for workers in the nondurable manufacturing sector of the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the overall health and productivity of Oregon's industrial base, which is important for policymakers and analysts assessing the state's economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Labor Statistics as part of its Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Oregon's manufacturing sector and make informed decisions about economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the Quarterly Census of Employment and Wages, with a typical lag of several months.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Oregon (ORENON), retrieved from FRED.