Average Hourly Earnings of Production Employees: Construction in Connecticut
Monthly
SMU09000002000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.62
Year-over-Year Change
1.65%
Date Range
1/1/2001 - 7/1/2025
Summary
The monthly trend measures the number of jobs in the manufacturing sector in the U.S. It is a key indicator of economic activity and the health of the manufacturing 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 monthly trend tracks the total number of people employed in the manufacturing sector, including durable and non-durable goods production. It is an important economic indicator used by policymakers, analysts, and businesses to gauge the strength of the U.S. manufacturing industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The monthly trend informs economic policy decisions and provides insights into consumer demand, trade, and industrial production.
Key Facts
- The U.S. manufacturing sector employs over 12 million workers.
- Manufacturing accounts for about 11% of the total U.S. GDP.
- The monthly trend has shown steady growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The monthly trend measures the total number of people employed in the manufacturing sector of the U.S. economy, including both durable and non-durable goods production.
Q: Why is this trend relevant for users or analysts?
A: The monthly manufacturing employment trend is a key indicator of the health and strength of the U.S. industrial base, providing insights into consumer demand, trade, and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The monthly manufacturing employment trend informs economic policy decisions and is closely monitored by policymakers, economists, and businesses to gauge the state of the U.S. economy.
Q: Are there update delays or limitations?
A: The monthly manufacturing employment data is released with a short delay, typically around 4-6 weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Monthly (SMU09000002000000008), retrieved from FRED.