Hours: Hours Worked: Manufacturing: Weekly for United States
Annual, Not Seasonally Adjusted
HOHWMN02USA065N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.02
Year-over-Year Change
-0.22%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the average number of hours worked per week for all employees in the United States. It provides insights into labor market dynamics and productivity levels.
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 Hours trend represents the typical number of hours worked by the average U.S. employee. It is a key indicator of labor market conditions and a useful input for economic analysis and policymaking.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers analyze this trend to assess labor market health and productivity trends.
Key Facts
- The average U.S. employee worked 34.5 hours per week in 2022.
- Average weekly hours tend to decline during economic downturns.
- Longer work weeks can indicate tight labor markets and rising productivity.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours trend measures the typical number of hours worked per week by all employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics, productivity levels, and overall economic conditions.
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: Economists and policymakers analyze this trend to assess labor market health and productivity, which informs economic decision-making.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours: All Employees, Not Seasonally Adjusted (HOHWMN02USA065N), retrieved from FRED.