All Employees: Financial Activities: Finance and Insurance in Minnesota
Monthly, Not Seasonally Adjusted
SMU27000005552000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.80
Year-over-Year Change
-2.71%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production and nonsupervisory employees in the manufacturing industry. It is a key indicator of labor cost pressures and can inform policy decisions.
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 manufacturing average hourly earnings trend provides insights into the compensation levels and cost dynamics within the U.S. manufacturing sector. It is widely used by economists and policymakers to assess inflationary pressures and the overall health of the labor market.
Methodology
The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to gauge the strength of the economy and inform monetary policy.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Wages and labor costs are a significant driver of inflation.
- This trend has shown moderate growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production and nonsupervisory employees in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor cost pressures and the overall health of the manufacturing sector, which is a crucial part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this trend to assess inflationary pressures and make informed decisions about monetary policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU27000005552000001), retrieved from FRED.