Average Weekly Earnings of All Employees: Manufacturing in Utah
SMU49000003000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,281.40
Year-over-Year Change
3.22%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the manufacturing sector in Utah. It provides insights into the wage and labor dynamics of this key industry within the state.
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 All Employees: Manufacturing in Utah trend tracks the average weekly pay for workers in the manufacturing industry across the state. This metric is widely used by economists and policymakers to assess the economic health and competitiveness of Utah's industrial base.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
Policymakers and analysts monitor this trend to understand broader employment and compensation trends in Utah's economy.
Key Facts
- Utah's manufacturing sector employs over 140,000 workers.
- Manufacturing accounts for 11% of Utah's GDP.
- Average weekly earnings in Utah manufacturing are above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the manufacturing sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the wage dynamics and economic health of Utah's critical manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand broader employment and compensation trends in Utah's economy, which can inform economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Manufacturing in Utah (SMU49000003000000011), retrieved from FRED.