Average Hourly Earnings of Production Employees: Manufacturing in Pennsylvania
SMU42000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.07
Year-over-Year Change
1.58%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Hourly Earnings of Production Employees: Manufacturing in Pennsylvania measures the average hourly wage for manufacturing workers in the state. This metric is closely watched by economists and policymakers as an indicator of labor market conditions and trends in worker compensation.
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 hourly earnings of production and non-supervisory employees in the manufacturing sector within Pennsylvania. It is a key measure of worker compensation and productivity that can inform economic analysis and policy decisions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing wages can impact consumer spending, inflation, and the overall health of the state's economy.
Key Facts
- Pennsylvania is a major manufacturing hub.
- Wages have risen 2.5% annually on average over the past decade.
- Manufacturing accounts for over 10% of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: The Average Hourly Earnings of Production Employees: Manufacturing in Pennsylvania tracks the average hourly wage for manufacturing workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched as an indicator of labor market conditions and worker compensation trends in Pennsylvania's manufacturing sector.
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: Trends in manufacturing wages can impact consumer spending, inflation, and the overall health of the state's economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing in Pennsylvania (SMU42000003000000008), retrieved from FRED.