Average Hourly Earnings of Production Employees: Manufacturing in Indiana
SMU18000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.55
Year-over-Year Change
-2.85%
Date Range
1/1/2001 - 7/1/2025
Summary
The 'Average Hourly Earnings of Production Employees: Manufacturing in Indiana' series measures the average hourly wage for manufacturing production workers in the state of Indiana. This metric is a key indicator of labor market conditions and can inform economic policy decisions.
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
This data series tracks the average hourly earnings of production employees within the manufacturing sector in Indiana. It provides insights into wage trends and can be used to analyze the state's economic competitiveness and the purchasing power of workers.
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 policymakers, businesses, and economists to gauge the health of Indiana's manufacturing industry and broader labor market.
Key Facts
- Indiana is a major manufacturing hub, accounting for over 17% of the state's GDP.
- Manufacturing wages in Indiana have risen by over 25% in the past decade.
- The state's average manufacturing wage is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average hourly wage for production employees in the manufacturing sector within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and the competitiveness of Indiana's manufacturing industry, which is a key driver of the state's economy.
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: Policymakers, businesses, and economists closely monitor this metric to gauge the health of Indiana's manufacturing sector and broader labor market, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay in availability.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing in Indiana (SMU18000003000000008), retrieved from FRED.