Hours: Hours Worked: Manufacturing: Weekly for United States
Quarterly, Not Seasonally Adjusted
HOHWMN02USQ065N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.77
Year-over-Year Change
-0.24%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the average number of hours worked per week by manufacturing production workers in the United States on a quarterly, not seasonally adjusted basis. It provides insights into labor market dynamics and productivity.
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 of Production and Nonsupervisory Employees: Manufacturing' indicator tracks the average weekly hours of manufacturing production workers. This data point is used by economists and policymakers to analyze labor market conditions and workforce productivity trends.
Methodology
The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by the Federal Reserve and other economic analysts to gauge the health of the manufacturing sector.
Key Facts
- The average weekly hours for manufacturing production workers was 40.7 hours in Q4 2022.
- Manufacturing makes up about 11% of total U.S. employment.
- Average weekly hours have declined from a peak of 42.1 hours in Q1 2018.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by manufacturing production workers in the United States on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and productivity in the manufacturing sector, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted 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 economic analysts to gauge the health of the manufacturing sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of approximately two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production and Nonsupervisory Employees: Manufacturing (HOHWMN02USQ065N), retrieved from FRED.