Average Hourly Earnings of All Employees: Goods Producing in Arkansas
SMU05000000600000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.26
Year-over-Year Change
8.38%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the goods-producing sector in Arkansas. It provides insights into labor costs and worker compensation in the state's manufacturing and construction industries.
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 All Employees: Goods Producing in Arkansas is a key economic indicator that tracks changes in worker compensation within the state's goods-producing industries. It is used by economists and policymakers to assess labor market conditions and inflationary pressures.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely monitored by businesses, investors, and government officials to understand economic performance and inform policy decisions.
Key Facts
- Arkansas's goods-producing sector includes manufacturing and construction.
- Hourly earnings have risen steadily in recent years.
- Tracking this metric helps assess inflationary pressure in the state economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the goods-producing industries in Arkansas, including manufacturing and construction.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market conditions and inflationary pressures in Arkansas's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this trend to assess economic performance and inform decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into the Arkansas labor market.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Goods Producing in Arkansas (SMU05000000600000003), retrieved from FRED.