Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Washington
SMU53000003231100008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.96
Year-over-Year Change
-5.74%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the non-durable goods manufacturing sector, specifically the food manufacturing industry, within the state of Washington. It provides insight into wage dynamics and labor costs in this important industry.
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: Non-Durable Goods: Food Manufacturing in Washington data series tracks the average hourly compensation for production workers in the food manufacturing subsector of non-durable goods manufacturing in the state of Washington. This metric is used by economists and policymakers to monitor labor market conditions and inflationary pressures in this specific industry and geographic area.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding regional labor market trends and informing policy decisions that affect the manufacturing and food processing industries.
Key Facts
- Washington is a major food processing hub.
- Food manufacturing is a key component of the state's non-durable goods sector.
- Tracking hourly wages in this industry can indicate labor market tightness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the food manufacturing subsector of non-durable goods manufacturing within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wage dynamics and labor costs in an important industry within the state, which is relevant for understanding regional labor market conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is used by economists and policymakers to monitor labor market trends and inflationary pressures in the manufacturing and food processing industries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Bureau of Labor Statistics surveys.
Similar SMU Trends
Production or Nonsupervisory Employees: Trade, Transportation, and Utilities in Washington
SMU53000004000000006SA
Average Hourly Earnings of All Employees: Information in Washington
SMU53000005000000003
All Employees: Education and Health Services: Social Assistance in Washington
SMU53000006562400001
All Employees: Wholesale Trade in Washington
SMU53000004100000001
All Employees: Professional and Business Services: Computer Systems Design and Related Services in Washington
SMU53000006054150001
Total Deposits in Commercial Nonmember Banks in Washington
X08TDCBNMBTWA
Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Washington (SMU53000003231100008), retrieved from FRED.