Average Weekly Earnings of Production Employees: Durable Goods: Transportation Equipment Manufacturing in Washington
SMU53000003133600030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,578.72
Year-over-Year Change
19.43%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of production employees in the transportation equipment manufacturing industry in Washington state. It provides insight into wage levels and labor market dynamics in this key industrial 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: Durable Goods: Transportation Equipment Manufacturing in Washington series tracks the typical weekly pay for workers directly involved in the production process for transportation equipment manufacturing companies located in Washington. This metric is widely used by economists and policymakers to assess labor market conditions and cost pressures in the manufacturing industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and industry analysts to understand broader employment and wage trends affecting the transportation equipment manufacturing sector.
Key Facts
- Transportation equipment manufacturing is a key industry in Washington state.
- Wages in this sector can impact broader economic conditions.
- This data series dates back to the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the transportation equipment manufacturing industry located in Washington state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage levels and labor market dynamics for a critical manufacturing sector, which is important for understanding broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and industry analysts to assess employment and wage pressures in the transportation equipment manufacturing sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The 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 Production Employees: Durable Goods: Transportation Equipment Manufacturing in Washington (SMU53000003133600030A), retrieved from FRED.