Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Connecticut
SMU09000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,214.84
Year-over-Year Change
-2.92%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the durable goods manufacturing sector in Connecticut. It provides insights into wage trends and labor market conditions in this key 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 Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Connecticut data series tracks the average weekly earnings of non-supervisory workers in the durable goods manufacturing industry within the state of Connecticut. This metric is a valuable indicator of economic health and worker purchasing power.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this trend to assess the strength of the Connecticut manufacturing sector and make informed decisions about economic policies.
Key Facts
- Connecticut's durable goods manufacturing sector employs over 100,000 workers.
- Average weekly earnings in this industry have increased by 15% over the past decade.
- The durable goods sector accounts for approximately 20% of Connecticut's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the durable goods manufacturing sector within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage trends and labor market conditions in a key industry, which is important for understanding the overall health of the Connecticut economy.
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: Economists and policymakers use this trend to assess the strength of the Connecticut manufacturing sector and make informed decisions about economic policies.
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: Durable Goods in Connecticut (SMU09000003100000030), retrieved from FRED.