Average Weekly Earnings of All Employees: Manufacturing in Connecticut
SMU09000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,485.20
Year-over-Year Change
2.90%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Manufacturing in Connecticut' metric measures the average weekly earnings of manufacturing workers in the state of Connecticut. This data point is closely watched by economists as an indicator of 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 tracks the average weekly earnings, including overtime pay, for all employees in the manufacturing sector across Connecticut. It is used to analyze wage growth, production costs, and broader economic trends within the state'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
Policymakers and analysts monitor this metric to assess the health of Connecticut's manufacturing sector and its broader economic implications.
Key Facts
- Connecticut is a major manufacturing hub in the Northeastern U.S.
- Manufacturing accounts for over 10% of the state's total employment.
- Average weekly earnings in Connecticut's manufacturing sector are higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings, including overtime pay, for all employees in the manufacturing sector across the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely watched by economists as an indicator of labor market conditions and consumer purchasing power within Connecticut's manufacturing industry.
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: Policymakers and analysts monitor this metric to assess the health of Connecticut's manufacturing sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Connecticut (SMU09000003000000011), retrieved from FRED.