Average Weekly Earnings of Production Employees: Transportation and Warehousing in Minnesota
SMU27000004340008930A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
985.18
Year-over-Year Change
45.38%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the transportation and warehousing industry within Minnesota. It provides insights into wage levels and labor market dynamics in this important economic sector.
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: Transportation and Warehousing in Minnesota tracks the mean weekly compensation for workers in this industry and geographic area. It serves as an indicator of employment conditions and labor costs, which are key factors in business and policy decisions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess economic performance and the strength of the transportation and logistics industry in Minnesota.
Key Facts
- This trend has been tracked since 1990.
- Transportation and warehousing is a major industry in Minnesota.
- Wage levels in this sector can signal labor market tightness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the transportation and warehousing industry within the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into employment conditions and labor costs in an important economic sector, which is useful for business planning, policy decisions, and analyzing regional economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the strength of the transportation and logistics industry in Minnesota and its implications for the broader state economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Transportation and Warehousing in Minnesota (SMU27000004340008930A), retrieved from FRED.