Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Massachusetts
SMU25000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,137.27
Year-over-Year Change
3.65%
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 Massachusetts. It provides insight into the labor market and wages in 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 Massachusetts is a key economic indicator that tracks the average weekly earnings of production workers in the non-durable goods manufacturing industry within the state. This metric helps assess the strength of the labor market and wage growth in this sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to understand labor market dynamics and inform economic decision-making.
Key Facts
- Wages in non-durable goods manufacturing in Massachusetts are higher than the national average.
- This trend has shown steady growth over the past decade.
- The non-durable goods sector is a significant employer in the state's economy.
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 Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor market and wage growth in a key industry within the state, which is valuable for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to understand labor market dynamics and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for short delays in publication.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Massachusetts (SMU25000003200000030), retrieved from FRED.