Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Illinois
SMU17000003231100030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
915.94
Year-over-Year Change
3.62%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the food manufacturing industry within the non-durable goods manufacturing sector in Illinois. It provides insights into labor costs and productivity in this key 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: Manufacturing: Non-Durable Goods: Food Manufacturing in Illinois metric tracks changes in wages and salaries for workers directly involved in production activities in the food manufacturing subsector of Illinois' non-durable goods industries. This data point is used by economists and policymakers to monitor labor market conditions and cost pressures in this important manufacturing segment.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is a key input for assessing the overall economic health and competitiveness of Illinois' food manufacturing industry.
Key Facts
- Food manufacturing is a major employer in Illinois.
- Wages in this sector impact consumer food prices.
- This data tracks changes in labor costs over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production workers in the food manufacturing industry within the non-durable goods manufacturing sector in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and productivity trends in a key manufacturing segment, which is important for understanding industry competitiveness and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor labor market conditions and cost pressures in Illinois' food manufacturing industry, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular monthly schedule, but may be subject to revisions and limitations inherent to survey-based economic indicators.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Illinois (SMU17000003231100030), retrieved from FRED.