Average Hourly Earnings of All Employees: Manufacturing in Alabama
SMU01000003000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.49
Year-over-Year Change
4.20%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Manufacturing in Alabama' tracks the average hourly wage paid to manufacturing workers in Alabama. This metric is a key indicator of labor costs and productivity in the state's industrial sector.
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 series measures the average hourly wage paid to all employees in the manufacturing industry within the state of Alabama. It is a valuable economic indicator used by policymakers, analysts, and businesses to gauge labor market conditions and cost pressures in the state's manufacturing sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average manufacturing wages in Alabama can provide insights into the competitiveness of the state's industrial base and inform economic and workforce development policies.
Key Facts
- Manufacturing accounts for over 13% of Alabama's GDP.
- Alabama's manufacturing sector employs over 270,000 workers.
- The state's average manufacturing wage is 15% below the national average.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wage paid to all employees in the manufacturing industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor costs and productivity in Alabama's industrial sector, providing insights into the competitiveness of the state's manufacturing base.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average manufacturing wages in Alabama can inform economic and workforce development policies aimed at supporting the state's industrial base.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Similar SMU Trends
Value of Exports to Canada from Alabama
ALCANA052SCEN
All Employees: State Government Educational Services in Alabama
SMU01000009092161101A
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Alabama
ALADMINWASTRQGSP
All Employees: Manufacturing: Non-Durable Goods: Pulp, Paper, and Paperboard Mills in Alabama
SMU01000003232210001SA
Durable Manufacturing Earnings in Alabama
ALEDUR
Number of Noninsured Nonmember Commercial Banks in Alabama
X08CBNMBNIAL
Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Manufacturing in Alabama (SMU01000003000000003), retrieved from FRED.