Annual, Not Seasonally Adjusted
SMU15000001523800001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.60
Year-over-Year Change
28.47%
Date Range
1/1/1990 - 1/1/2014
Summary
This economic trend measures the average annual wages and salaries for the U.S. manufacturing sector. It provides insights into the earnings and economic conditions of this crucial 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 Annual, Not Seasonally Adjusted series tracks the average nominal annual wages and salaries for manufacturing workers in the United States. This metric is an important indicator of economic growth, labor market trends, and the overall health of the manufacturing sector.
Methodology
The data is collected through the Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Policymakers and economists closely monitor this trend to assess the purchasing power and living standards of manufacturing workers.
Key Facts
- The manufacturing sector accounts for over 11% of U.S. GDP.
- Average annual wages in manufacturing have increased by 20% since 2010.
- Manufacturing is the fourth-largest employer in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual wages and salaries for workers in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the earnings and economic conditions of the manufacturing industry, which is a crucial driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the purchasing power and living standards of manufacturing workers, which is important for understanding the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 3-4 months.
Related Trends
Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Hawaii
HITRADEQGSP
All Employees: Retail Trade in Hawaii
SMS15000004200000001
Personal Consumption Expenditures: Total for Hawaii
HIPCE
Coefficient for Industrial Carbon Dioxide Emissions, Motor Gasoline for Hawaii
EMISSCO2CMGICBHIA
Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Hawaii
HICPUSYSDSGNRGSP
All Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000001A
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU15000001523800001A), retrieved from FRED.