Average Weekly Hours of All Employees: Goods Producing in Alabama
SMU01000000600000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.60
Year-over-Year Change
2.16%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Goods Producing in Alabama' measures the average number of hours worked per week by employees in the goods-producing sector of Alabama's economy. This metric provides insights into labor market conditions and productivity trends.
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 weekly work hours for all employees across Alabama's goods-producing industries, which include manufacturing, construction, and mining. It serves as an important economic indicator reflecting labor demand, overtime, and operational efficiency within the state's industrial base.
Methodology
The data is collected through surveys of a sample of nonfarm establishments in Alabama.
Historical Context
Policymakers and analysts use this metric to assess the health and output capacity of Alabama's industrial sector.
Key Facts
- The series dates back to 1939.
- Alabama's goods-producing sector accounts for over 15% of the state's total employment.
- Average weekly hours peaked at 44.3 in 2000.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average number of hours worked per week by employees in Alabama's goods-producing industries, including manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, productivity, and operational efficiency within Alabama's industrial base, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a sample of nonfarm establishments in Alabama.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and output capacity of Alabama's industrial sector, which informs decisions related to economic development, workforce planning, and industrial policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Goods Producing in Alabama (SMU01000000600000002), retrieved from FRED.