Average Weekly Earnings of All Employees: Manufacturing in Mississippi
Annual
SMU28000003000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,012.00
Year-over-Year Change
28.14%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the yearly change in average hourly earnings for manufacturing production and nonsupervisory employees in the United States. This metric is an important indicator of labor market conditions and wage pressures.
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 Annual trend tracks the annual percent change in average hourly earnings for production and nonsupervisory workers in the manufacturing industry. This provides insight into overall labor market dynamics and the strength of employee compensation.
Methodology
The data is collected through the Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Analysts and policymakers monitor this trend to assess inflationary pressures and the health of the broader economy.
Key Facts
- Annual percent change in manufacturing wages averaged 4.2% in 2022.
- Manufacturing hourly earnings are a leading indicator of broader wage inflation.
- The Annual trend data goes back to 1939.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly percent change in average hourly earnings for manufacturing production and nonsupervisory employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market dynamics and wage pressures, which are key factors for understanding economic conditions and the potential for inflation.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Annual trend to assess the strength of the labor market and gauge inflationary pressures in the broader economy.
Q: Are there update delays or limitations?
A: The Annual data is released monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU28000003000000011A), retrieved from FRED.