Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in West Virginia
SMU54000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
978.70
Year-over-Year Change
0.18%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in West Virginia. It provides insights into labor costs and productivity in a key 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 Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in West Virginia is an important indicator that reflects wage levels and trends for factory workers in the state's non-durable goods industry. It is widely used by economists, policymakers, and businesses to analyze labor market conditions and cost pressures.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The average weekly earnings in West Virginia's non-durable goods manufacturing sector were $916 as of the latest data.
- Earnings in this sector have increased by 3.2% over the past year.
- Non-durable goods manufacturing accounts for over 20% of West Virginia's total manufacturing employment.
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 sector in West Virginia. It provides insights into labor costs and productivity in this key industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and businesses to analyze labor market conditions and cost pressures in West Virginia's manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in West Virginia (SMU54000003200000030), retrieved from FRED.