Durable Manufacturing Earnings in Utah
UTEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,187,484.00
Year-over-Year Change
17.18%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Earnings in Utah trend measures average weekly earnings for workers in the durable manufacturing sector within the state of Utah. This metric is a key indicator of economic activity and the health of the state's manufacturing 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 Durable Manufacturing Earnings in Utah series represents the average weekly wages paid to employees in the durable goods manufacturing sector across the state. This data provides insights into labor market conditions, production costs, and overall economic competitiveness for Utah's manufacturing businesses.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to evaluate the competitiveness and growth prospects of Utah's manufacturing sector.
Key Facts
- Utah's durable manufacturing earnings exceed the national average.
- Earnings in this sector have grown steadily over the past decade.
- The durable goods industry accounts for a significant share of Utah's total employment.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Earnings in Utah trend measures the average weekly wages paid to workers in the durable goods manufacturing sector within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, production costs, and the overall competitiveness of Utah's manufacturing industry, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the growth and competitiveness of Utah's manufacturing sector, which informs economic development strategies and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Utah (UTEDUR), retrieved from FRED.