Average Weekly Earnings of Production Employees: Manufacturing in Arkansas
SMU05000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
922.54
Year-over-Year Change
9.85%
Date Range
1/1/2001 - 6/1/2025
Summary
The 'Average Weekly Earnings of Production Employees: Manufacturing in Arkansas' measures the average weekly wages for manufacturing workers in Arkansas. This metric provides insight into labor costs and consumer purchasing power in the state.
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 tracks the average weekly earnings of production and nonsupervisory employees in the manufacturing sector in Arkansas. It is an important economic indicator used to assess wage growth, labor market conditions, and the overall health of the state's manufacturing industry.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the economic climate in Arkansas and inform decisions around employment, consumer spending, and industrial policy.
Key Facts
- Arkansas's average weekly manufacturing wages were $1,064 in 2022.
- Manufacturing accounts for over 15% of Arkansas's total GDP.
- Wage growth in Arkansas manufacturing has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly wages for production and nonsupervisory employees in the manufacturing sector in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs, consumer purchasing power, and the overall health of Arkansas's manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments 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 evaluate the economic climate in Arkansas and inform decisions around employment, consumer spending, and industrial policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Arkansas (SMU05000003000000030), retrieved from FRED.