Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Alabama
SMU01000003200000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.19
Year-over-Year Change
8.49%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the non-durable goods manufacturing sector in Alabama. It provides insight into wage dynamics and labor market conditions in this important industrial segment.
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: Non-Durable Goods in Alabama metric tracks changes in the typical hourly pay for workers in Alabama's non-durable goods manufacturing industries. This data point is used by economists and policymakers to analyze labor market trends and labor cost pressures in this specific sector.
Methodology
The data is collected through a monthly establishment survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric informs economic analysis and helps guide policy decisions related to employment, inflation, and competitiveness in Alabama's manufacturing sector.
Key Facts
- Alabama's non-durable goods manufacturing sector employs over 100,000 workers.
- Hourly earnings in this sector have risen by 15% over the past 5 years.
- Manufacturing accounts for nearly 13% of Alabama's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the non-durable goods manufacturing sector in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage dynamics and labor market conditions in a key industrial segment of Alabama's economy, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly establishment survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric informs analysis of employment, inflation, and competitiveness in Alabama's manufacturing sector, which helps guide relevant economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Alabama (SMU01000003200000008), retrieved from FRED.