Average Weekly Earnings of All Employees: Manufacturing in Alabama
SMU01000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,335.18
Year-over-Year Change
7.24%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Manufacturing in Alabama measures the average weekly earnings of manufacturing workers in the state. This economic indicator provides insights into wage trends and can inform policy decisions related to employment and regional 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 series tracks the average weekly earnings for all employees in the manufacturing sector in the state of Alabama. It is a key metric for understanding labor market dynamics and broader economic performance within the state's manufacturing industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policy makers and analysts use this indicator to gauge the strength of Alabama's manufacturing sector and make informed decisions regarding economic and workforce development initiatives.
Key Facts
- Alabama's manufacturing sector accounts for over 13% of the state's GDP.
- Manufacturing wages in Alabama are typically lower than the national average.
- The COVID-19 pandemic led to a temporary decline in manufacturing earnings in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly earnings of all employees in the manufacturing sector within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage and employment dynamics within Alabama's manufacturing industry, which is a key driver of the state's economy.
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: Policymakers and analysts use this indicator to gauge the strength of Alabama's manufacturing sector and inform decisions regarding economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Alabama (SMU01000003000000011), retrieved from FRED.