Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Minnesota
SMU27000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,048.89
Year-over-Year Change
3.04%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic indicator tracks the average weekly earnings of production employees in the non-durable goods manufacturing sector in Minnesota. It provides insights into wage trends and labor market dynamics in this key 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 Minnesota metric measures the average weekly compensation for production workers in Minnesota's non-durable goods manufacturing sector. This data point is used by economists and policymakers to analyze labor market conditions and wage growth in this important component of the state's economy.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding Minnesota's economic competitiveness and the purchasing power of workers in the non-durable goods manufacturing industry.
Key Facts
- Minnesota's non-durable goods manufacturing sector employs over 100,000 workers.
- Average weekly earnings in this industry have risen by 20% over the past decade.
- Non-durable goods make up about one-third of Minnesota's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of production employees in the non-durable goods manufacturing sector in Minnesota. It provides insights into wage trends and labor market dynamics in this key industry.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to analyze labor market conditions and wage growth in Minnesota's non-durable goods manufacturing sector, an important 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: This metric is relevant for understanding Minnesota's economic competitiveness and the purchasing power of workers in the non-durable goods manufacturing industry, which informs policymakers and influences market decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Minnesota (SMU27000003200000030), retrieved from FRED.