Quarterly, Not Seasonally Adjusted
LFWA24MAG7Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,906,000.00
Year-over-Year Change
-0.66%
Date Range
4/1/2003 - 4/1/2017
Summary
This economic indicator tracks the average number of hours worked per week by manufacturing employees in the United States on a quarterly, non-seasonally adjusted basis. It provides insights into labor utilization and productivity in the manufacturing sector.
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: Manufacturing (Not Seasonally Adjusted) series measures the average number of hours worked per week by employees in the manufacturing industry in the United States. It serves as a key indicator of labor market conditions and can be used to assess changes in production capacity and efficiency.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists, policymakers, and market analysts to gauge the health and performance of the manufacturing industry.
Key Facts
- The average weekly hours in U.S. manufacturing reached a high of 42.2 in 2021 Q2.
- Manufacturing accounts for approximately 11% of total U.S. employment.
- Average weekly hours in manufacturing tend to be more volatile than the overall economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the manufacturing industry in the United States on a quarterly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor utilization and productivity in the manufacturing sector, which is a key driver of the U.S. economy. It is closely watched by economists, policymakers, and market analysts to gauge the health and performance of the manufacturing industry.
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: This trend is used by policymakers, central banks, and market analysts to assess the overall health of the manufacturing sector and to inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several weeks after the end of the reference quarter.
Related Trends
Consumer Price Index: All items: Total: Total for G7
G7CPALTT01IXNBQ
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7
G7LFHUADTTSTQ
Infra-Annual Labor Statistics: Working-Age Population Male: From 55 to 64 Years for G7
G7LFWA55MASTSAQ
Balance of Payments: Services: Revenue for G7
G7B6CRSE02STSAQ
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for G7
G7LREMTTFESTQ
Balance of Payments: Goods: Balance (Revenue Minus Expenditure) for G7
G7B6BLTD01CXCUQ
Citation
U.S. Federal Reserve, Average Weekly Hours: Manufacturing (Not Seasonally Adjusted) (LFWA24MAG7Q647N), retrieved from FRED.