Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Indiana
SMU18000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
906.94
Year-over-Year Change
3.46%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Indiana measures the average weekly earnings of manufacturing production workers in the non-durable goods sector within the state of Indiana.
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 economic indicator provides insight into wage trends and labor costs for manufacturers of non-durable goods, which can inform policy decisions and business strategies. It is a key metric for assessing the economic health and competitiveness of Indiana's manufacturing industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to evaluate the strength of Indiana's manufacturing sector and make informed decisions about economic development and workforce policies.
Key Facts
- Indiana is a major manufacturing hub, producing a wide range of non-durable goods.
- Manufacturing accounts for over 16% of Indiana's GDP.
- Wages in Indiana's non-durable goods manufacturing sector have grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production workers in the non-durable goods manufacturing sector within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into wage and labor cost dynamics in Indiana's manufacturing industry, which is a crucial component 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 and economists use this trend to evaluate the strength of Indiana's manufacturing sector and make informed decisions about economic development and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Indiana (SMU18000003200000030), retrieved from FRED.