Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in South Carolina
SMU45000003100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.43
Year-over-Year Change
12.89%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the manufacturing of durable goods in South Carolina. It provides insights into wage dynamics in a key sector of the state's economy.
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 in South Carolina tracks the typical hourly pay for workers involved in the production of durable manufactured goods within the state. This metric is used by economists and policymakers to monitor employment conditions and labor market trends.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend can inform economic and workforce development policies in South Carolina.
Key Facts
- South Carolina is a major manufacturing hub.
- Durable goods production is a key part of the state's economy.
- Wages in this sector can impact consumer spending and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the manufacturing of durable goods within South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage dynamics in a crucial sector of South Carolina's economy, which can inform economic and workforce development policies.
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 average hourly earnings for manufacturing production workers can inform economic and workforce development policies in South Carolina.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological limitations of the employer surveys conducted by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in South Carolina (SMU45000003100000008), retrieved from FRED.