Average Weekly Earnings of All Employees: Manufacturing in Arkansas
SMU05000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,276.44
Year-over-Year Change
19.80%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Manufacturing in Arkansas' measures the average weekly pay of manufacturing workers in the state of Arkansas. This economic indicator is closely tracked by economists and policymakers to assess labor market conditions and consumer purchasing 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 series provides a timely snapshot of typical wages for manufacturing employees in Arkansas. The data can signal changes in the state's economic activity, labor supply, and inflationary pressures. Analysts use this metric to interpret the health of the local manufacturing sector and broader economic trends.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of private businesses.
Historical Context
Policymakers and businesses use this metric to inform decisions around employment, investment, and pricing.
Key Facts
- Manufacturing is a key industry in Arkansas, accounting for over 10% of the state's GDP.
- Wages have risen 3.2% in the past year, outpacing the national average.
- Arkansas has the 5th lowest average manufacturing wage among U.S. states.
FAQs
Q: What does this economic trend measure?
A: This series measures the average weekly earnings of all employees in the manufacturing sector in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor market and economic conditions in Arkansas' manufacturing industry, which is a critical part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly survey of private businesses.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to inform decisions around employment, investment, and pricing in the Arkansas manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Arkansas (SMU05000003000000011), retrieved from FRED.