Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Ohio
SMU39000003133600008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.82
Year-over-Year Change
13.60%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the transportation equipment manufacturing industry within Ohio's durable goods manufacturing sector. It provides insights into wage dynamics and labor costs in a key manufacturing subsector.
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 Hourly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Ohio trend offers a granular view of compensation levels for frontline workers in this industry. It is used by economists and policymakers to analyze labor market conditions and production costs in a major Ohio manufacturing hub.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding competitive pressures and inflationary trends in Ohio's transportation equipment manufacturing industry.
Key Facts
- Ohio is a major center for transportation equipment manufacturing.
- Wages in this industry can impact production costs and pricing.
- The data is released monthly with a short lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the transportation equipment manufacturing industry within Ohio's durable goods manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage dynamics and labor costs in a key Ohio manufacturing subsector, which is useful for analyzing production, pricing, and employment trends.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding competitive pressures and inflationary trends in Ohio's transportation equipment manufacturing industry, which is important for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Ohio (SMU39000003133600008), retrieved from FRED.