Monthly, Seasonally Adjusted
SMU01000003133001201SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.60
Year-over-Year Change
0.23%
Date Range
1/1/2004 - 12/1/2016
Summary
The 'Monthly, Seasonally Adjusted' trend measures the average weekly earnings of production and nonsupervisory employees in the Manufacturing sector. This key economic indicator provides insights into the state of the labor market and consumer spending power.
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 data series represents the average weekly earnings of workers in the Manufacturing sector, adjusted for seasonal variations. It is a widely-watched economic indicator that helps analyze labor costs, inflationary pressures, and the overall health of the US economy.
Methodology
The data is collected through employer surveys and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the strength of consumer demand and make informed decisions about monetary and fiscal policy.
Key Facts
- The series has been published since 1964.
- Manufacturing accounts for about 11% of total U.S. employment.
- Wages in this sector have grown by an average of 2.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production and nonsupervisory employees in the Manufacturing sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor costs, consumer spending power, and the overall health of the manufacturing industry, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of consumer demand and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 weeks.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU01000003133001201SA), retrieved from FRED.