Production or Nonsupervisory Employees: Trade, Transportation, and Utilities in Hawaii
Annual
SMU15000004000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.40
Year-over-Year Change
4.28%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the average annual earnings of employees in the U.S. manufacturing sector. It provides important insights into labor market conditions and wage growth.
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 trend represents the average annual earnings, including bonuses, overtime pay, and other compensation, for manufacturing workers in the United States. This metric is a key indicator of economic performance and living standards.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is widely used by economists, policymakers, and businesses to monitor labor market conditions and guide economic decision-making.
Key Facts
- The average annual earnings in U.S. manufacturing was $67,715 in 2022.
- Earnings in the manufacturing sector have increased by 25% over the past decade.
- Manufacturing accounts for approximately 11% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual earnings, including bonuses and other compensation, for employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of economic performance and living standards, providing insights into labor market conditions and wage growth.
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: The Annual trend is widely used by economists, policymakers, and businesses to monitor labor market conditions and guide economic decision-making.
Q: Are there update delays or limitations?
A: The Annual data is released on a regular schedule by the U.S. Bureau of Labor Statistics, with minimal update delays.
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Citation
U.S. Federal Reserve, Annual (SMU15000004000000006A), retrieved from FRED.