Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Arizona
SMU04000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,097.52
Year-over-Year Change
-0.95%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the durable goods manufacturing sector in Arizona. It provides insight into wage levels and labor market conditions in this important industry.
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 Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Arizona series tracks the average weekly compensation paid to workers in durable goods manufacturing in the state. This metric is a key indicator of employment and labor market dynamics, which are crucial for understanding economic growth and performance.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of Arizona's manufacturing sector and broader economic conditions.
Key Facts
- Arizona's durable goods manufacturing sector employs over 100,000 workers.
- Average weekly earnings in this industry are over $1,200.
- Wages have increased by 3% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the durable goods manufacturing sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and wage levels in a key industry, which is crucial for understanding Arizona's economic performance and growth.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of Arizona's manufacturing sector and broader economic conditions, which informs decision-making and policy responses.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Arizona (SMU04000003100000030), retrieved from FRED.