Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Printing and Related Support Activities in Illinois
SMU17000003232300030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
993.27
Year-over-Year Change
8.65%
Date Range
1/1/2001 - 12/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the printing and related support activities industry within the non-durable goods manufacturing sector in Illinois. It provides insight into wage dynamics in this important economic segment.
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: Printing and Related Support Activities in Illinois data series tracks the average weekly compensation for production workers in this specific industry and geographic area. This metric is closely monitored by economists and policymakers to assess labor market conditions and inflationary pressures.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps inform decisions around monetary and fiscal policy, as well as business and investment strategies.
Key Facts
- Illinois is a major center for the printing and publishing industry in the U.S.
- Wages in this sector can signal broader trends in labor costs and manufacturing output.
- The data is released monthly with a lag of approximately one month.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the printing and related support activities 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 wage dynamics in an important economic segment, which can inform decisions around monetary and fiscal policy, as well as business and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform decisions around monetary and fiscal policy, as well as business and investment strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Printing and Related Support Activities in Illinois (SMU17000003232300030), retrieved from FRED.