Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Slovak Republic
Monthly, Not Seasonally Adjusted
LRHU24TTSKM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.90
Year-over-Year Change
-30.15%
Date Range
1/1/1998 - 5/1/2025
Summary
This U.S. economic trend measures the total number of hours worked per month by production and nonsupervisory employees in the manufacturing sector. It provides insight into 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
The Monthly Hours Worked, Not Seasonally Adjusted trend tracks total labor input in the manufacturing industry. It is a key indicator of economic activity and can signal shifts in production, overtime, and employment.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by policymakers, economists, and analysts to assess the manufacturing sector's performance and labor market conditions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Total manufacturing hours worked peaked in 2018 at over 41 billion.
- Manufacturing productivity has increased by over 60% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked per month by production and nonsupervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The monthly hours worked metric provides insight into labor productivity, utilization, and overall economic activity in 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: Policymakers, economists, and analysts use this metric to assess the performance of the manufacturing sector and broader labor market conditions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical release lag of about 2-3 weeks.
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Citation
U.S. Federal Reserve, Monthly Hours Worked, Not Seasonally Adjusted (LRHU24TTSKM156N), retrieved from FRED.