Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Virginia
SMU51000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,072.01
Year-over-Year Change
2.52%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the non-durable goods manufacturing industry in Virginia. It is a key indicator of labor market conditions and wage growth within a specific industry and 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 Production Employees: Manufacturing: Non-Durable Goods in Virginia trend provides insight into the compensation levels and changes over time for workers in the non-durable goods manufacturing sector in Virginia. This data point is widely used by economists and policymakers to assess regional economic performance and labor market dynamics.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is utilized by government agencies, businesses, and analysts to inform economic policy decisions and market forecasting.
Key Facts
- Measures earnings of production workers in non-durable goods manufacturing in Virginia.
- Provides insight into labor market conditions and wage growth in a specific industry and state.
- Data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
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 industry in Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor market conditions and wage growth within a specific industry and state, which is valuable information for economists, policymakers, and businesses.
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: This trend is utilized by government agencies, businesses, and analysts to inform economic policy decisions and market forecasting.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the trend is limited to the non-durable goods manufacturing industry in Virginia.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Virginia (SMU51000003200000030), retrieved from FRED.