Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Illinois
SMU17000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,014.45
Year-over-Year Change
4.61%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in Illinois. It provides important insights into the economic conditions and labor market dynamics in the state.
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: Non-Durable Goods in Illinois is a key economic indicator that tracks the average weekly earnings of workers involved in the production of non-durable goods, such as food, apparel, and chemical products, within the manufacturing industry in Illinois.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to assess the strength of the manufacturing sector and the purchasing power of workers in Illinois.
Key Facts
- Illinois is a major manufacturing hub in the United States.
- Non-durable goods make up a significant portion of Illinois' manufacturing output.
- Trends in production worker earnings can indicate the overall economic health of the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic conditions and labor market dynamics in Illinois, particularly within the manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and businesses to assess the strength of the manufacturing sector and the purchasing power of workers in Illinois.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the CES survey.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Illinois (SMU17000003200000030), retrieved from FRED.