Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Illinois
SMU17000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,131.17
Year-over-Year Change
8.09%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average weekly earnings of production employees in the durable goods manufacturing sector in Illinois. It provides insights into wage levels and trends in this key economic 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 in durable goods manufacturing in Illinois is an important economic indicator that reflects labor market conditions and productivity in a major industrial sector. It is used by economists and policymakers to analyze employment, income, and economic growth.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by analysts to gauge the health of the manufacturing industry and broader state economy.
Key Facts
- Illinois is a major center of durable goods manufacturing.
- Wages in this sector have grown steadily over the past decade.
- Weekly earnings are above the national average for manufacturing.
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 in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage levels and trends in a key industrial sector, which is important for analyzing employment, income, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by analysts and policymakers to gauge the health of the manufacturing industry and broader state economy.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Illinois (SMU17000003100000030), retrieved from FRED.