All Employees: Manufacturing: Durable Goods: Computer and Electronic Product Manufacturing in Illinois
Seasonally Adjusted
SMU17000003133400001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.17
Year-over-Year Change
-3.01%
Date Range
1/1/1990 - 7/1/2025
Summary
The Seasonally Adjusted series measures the U.S. average hourly earnings for all employees in the manufacturing sector. This metric is a key indicator of economic trends 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 Seasonally Adjusted series provides a seasonally adjusted estimate of average hourly earnings for manufacturing workers. Seasonal adjustments help economists and policymakers identify underlying trends by removing predictable variations due to weather, holidays, and other recurring factors.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on a monthly survey of employers.
Historical Context
This wage metric is used to assess the strength of the labor market and guide economic and monetary policy decisions.
Key Facts
- Manufacturing accounts for about 11% of U.S. jobs.
- Average hourly earnings in manufacturing have risen 5.2% over the past year.
- Seasonal adjustments help identify underlying trends in wage growth.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series measures the average hourly earnings of manufacturing workers in the United States, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This wage metric is a key indicator of economic strength and labor market conditions, helping to guide policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on a monthly survey of employers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this wage data to assess the health of the labor market and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions.
Related Trends
All Employees: Local Government Educational Services in Illinois
SMU17000009093161101A
Estimate of People Under Age 5 in Poverty for Illinois
PE0T4IL17000A647NCEN
New Private Housing Units Authorized by Building Permits for Illinois
ILBPPRIVSA
Total Carbon Dioxide Emissions From All Sectors, All Fuels for Illinois
EMISSCO2TOTVTTTOILA
Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Illinois
ILPCEPCONDURG
State Government Tax Collections, Alcoholic Beverages Licenses in Illinois
ILALCLICTAX
Citation
U.S. Federal Reserve, Seasonally Adjusted (SMU17000003133400001SA), retrieved from FRED.