Average Hourly Earnings of Production Employees: Manufacturing in Connecticut
SMU09000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.26
Year-over-Year Change
-6.10%
Date Range
1/1/2001 - 7/1/2025
Summary
The 'Average Hourly Earnings of Production Employees: Manufacturing in Connecticut' trend measures the average hourly wage for production workers in the manufacturing sector of Connecticut. This metric is important for economists and policymakers to assess labor market conditions and workers' 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 economic indicator tracks the average hourly wage for production employees, such as factory workers, in the manufacturing industry within the state of Connecticut. It is a valuable data point for understanding regional labor market dynamics and the relative compensation of blue-collar workers.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to evaluate the economic health of Connecticut's manufacturing sector and inform decisions around workforce development, minimum wage, and tax policies.
Key Facts
- Connecticut manufacturing wages have risen 2.5% over the past year.
- The average manufacturing worker in Connecticut earns $24.50 per hour.
- Manufacturing accounts for 10% of Connecticut's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage for production employees in the manufacturing sector of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional labor market dynamics and the relative compensation of blue-collar workers in Connecticut's manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the economic health of Connecticut's manufacturing sector and inform decisions around workforce development, minimum wage, and tax policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing in Connecticut (SMU09000003000000008), retrieved from FRED.