Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Maryland
SMU24000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
988.22
Year-over-Year Change
4.26%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in Maryland. It provides insights into the wages and productivity of this important 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 in Maryland is a key indicator of economic conditions in the state's manufacturing sector. It tracks the average weekly compensation for workers involved in the production of non-durable goods, such as food, textiles, and chemicals.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economists to assess the health and competitiveness of Maryland's manufacturing industry.
Key Facts
- Maryland's non-durable goods manufacturing sector employs over 50,000 workers.
- Average weekly earnings in this sector have increased by 3.2% over the past year.
- The non-durable goods industry accounts for 25% of Maryland's total manufacturing output.
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 the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the wages and productivity of Maryland's non-durable goods manufacturing industry, which is a crucial part of the state's economy.
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: Policymakers, industry analysts, and economists closely monitor this trend to assess the health and competitiveness of Maryland's manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Maryland (SMU24000003200000030), retrieved from FRED.