Hours: Hours Worked: Manufacturing: Monthly for Japan
HOHWMN03JPM661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.79
Year-over-Year Change
0.88%
Date Range
1/1/1960 - 10/1/2023
Summary
The 'Hours: Hours Worked: Manufacturing: Monthly for Japan' trend measures the average number of hours worked per month in the Japanese manufacturing sector. This metric is a key indicator of labor productivity and utilization.
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
This series tracks the average monthly hours worked by manufacturing employees in Japan. It provides insight into the intensity of industrial activity and labor market conditions, which are important for economists and policymakers to monitor.
Methodology
The data is collected through surveys of Japanese manufacturing establishments.
Historical Context
This trend is used to assess the health of the Japanese economy and inform economic policies.
Key Facts
- Japan's manufacturing sector accounts for over 20% of its GDP.
- Average monthly manufacturing hours peaked at 179.6 in January 2021.
- Hours worked declined during the COVID-19 pandemic but have been recovering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per month by employees in Japan's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the intensity of industrial activity and labor market conditions in Japan, which are important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Japanese manufacturing establishments.
Q: How is this trend used in economic policy?
A: This trend is used to assess the health of the Japanese economy and inform economic policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Hours: Hours Worked: Manufacturing: Monthly for Japan (HOHWMN03JPM661S), retrieved from FRED.