Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Ohio
SMU39000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
974.59
Year-over-Year Change
-4.78%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of manufacturing production employees in the non-durable goods sector in Ohio. It provides insights into labor costs and productivity within a critical industry.
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: Manufacturing: Non-Durable Goods in Ohio is a key metric that tracks the average weekly earnings of workers in the non-durable manufacturing sector, such as food, apparel, and paper products. This data point informs analyses of labor costs, wage pressures, and productivity trends within Ohio's manufacturing industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to assess the economic health and competitiveness of Ohio's non-durable goods manufacturing sector.
Key Facts
- Ohio is a major hub for non-durable goods manufacturing.
- Wages in this sector have remained relatively stable in recent years.
- Trends in this metric can signal changes in labor productivity and cost pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity within Ohio's critical non-durable manufacturing industry, which informs economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to assess the economic health and competitiveness of Ohio's non-durable goods manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Ohio (SMU39000003200000030), retrieved from FRED.