Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Alabama
SMU01000003100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.81
Year-over-Year Change
6.08%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the manufacturing sector, specifically in the durable goods industry, for the state of Alabama. It provides insights into labor costs and productivity within a key economic 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
The Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Alabama metric tracks the average hourly wage paid to workers involved in the production of durable goods, such as machinery, automobiles, and electronics, within the manufacturing industry in Alabama. This data point is a important indicator of labor market conditions and can inform economic policymaking.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and businesses to analyze labor market dynamics and labor costs in the manufacturing industry.
Key Facts
- Alabama's manufacturing sector accounts for over 13% of the state's GDP.
- Durable goods manufacturing makes up about 60% of Alabama's total manufacturing output.
- Wages in Alabama's durable goods manufacturing industry are typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the manufacturing sector, specifically in the durable goods industry, for the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity within a key economic sector, which is important for understanding labor market conditions and informing economic policymaking.
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: This trend is used by economists, policymakers, and businesses to analyze labor market dynamics and labor costs in the manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Alabama (SMU01000003100000008), retrieved from FRED.