Average Weekly Earnings of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Ohio
SMU39000004142300030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,341.04
Year-over-Year Change
-0.64%
Date Range
1/1/2001 - 6/1/2025
Summary
This trend measures the average weekly earnings of production employees in the wholesale trade industry for durable goods in Ohio. It provides insights into wage dynamics and economic conditions in this key 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
The Average Weekly Earnings of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Ohio is an economic indicator that tracks the average weekly pay for workers involved in the production, handling, and distribution of durable goods through wholesale channels in the state of Ohio.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by economists and policymakers to assess the health of Ohio's wholesale trade industry and broader economic trends.
Key Facts
- Ohio's wholesale trade sector accounts for over 200,000 jobs.
- Durable goods make up a significant portion of Ohio's wholesale industry.
- Tracking wage trends in this sector provides insights into the state's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the wholesale trade industry for durable goods in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage dynamics and economic conditions within Ohio's key wholesale trade sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the health of Ohio's wholesale trade industry and broader economic trends, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of government economic surveys.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Ohio (SMU39000004142300030), retrieved from FRED.