Average Hourly Earnings of All Employees: Manufacturing in Connecticut
SMU09000003000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.60
Year-over-Year Change
0.29%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Manufacturing in Connecticut' measures the average hourly wage for manufacturing workers in the state of Connecticut. This data point is a key indicator of economic conditions and workforce trends.
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 economic series tracks the average hourly earnings of all employees in the manufacturing sector within the state of Connecticut. It provides insights into labor costs, worker productivity, and broader trends in the state's industrial economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and health of Connecticut's manufacturing industry.
Key Facts
- Connecticut's manufacturing sector employs over 160,000 workers.
- Average hourly earnings in Connecticut manufacturing were $25.51 as of the latest data.
- Manufacturing accounts for approximately 10% of Connecticut's total GDP.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average hourly wage paid to employees in the manufacturing sector within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs, worker productivity, and the overall health of Connecticut's manufacturing industry, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers 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 assess the competitiveness and performance of Connecticut's manufacturing sector, which informs economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Manufacturing in Connecticut (SMU09000003000000003), retrieved from FRED.