Average Weekly Earnings of All Employees: Manufacturing in Ohio
SMU39000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,352.61
Year-over-Year Change
0.54%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Manufacturing in Ohio measures the average weekly wages for manufacturing workers in the state. This key economic indicator provides insight into labor costs and productivity in Ohio's manufacturing 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
This series tracks the average weekly wages for all employees in the manufacturing industry across the state of Ohio. It is an important measure of economic activity and can signal changes in labor costs, worker productivity, and overall business conditions in Ohio's manufacturing base.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, analysts, and businesses to assess the health and competitiveness of Ohio's manufacturing industry.
Key Facts
- Ohio is a major manufacturing hub, accounting for over 600,000 manufacturing jobs.
- Manufacturing makes up about 17% of Ohio's total GDP.
- Average weekly earnings in Ohio manufacturing have risen by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Earnings of All Employees: Manufacturing in Ohio tracks the average weekly wages for workers in Ohio's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into labor costs, worker productivity, and overall business conditions in Ohio's critical manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this indicator to assess the health and competitiveness of Ohio's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Ohio (SMU39000003000000011), retrieved from FRED.