Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Alabama
SMU01000003200000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.60
Year-over-Year Change
3.74%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by production employees in the non-durable goods manufacturing industry in Alabama. It is a key indicator of labor utilization and productivity in the state's 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 of Production Employees: Manufacturing: Non-Durable Goods in Alabama metric tracks the average number of hours worked per week by production workers in Alabama's non-durable manufacturing plants. It provides insight into labor demand, overtime, and efficiency within this important industrial segment.
Methodology
The data is collected through surveys of manufacturing establishments in Alabama.
Historical Context
This trend is used by economists and policymakers to monitor the health and competitiveness of Alabama's non-durable goods manufacturing industry.
Key Facts
- Alabama's non-durable goods manufacturing employs over 100,000 workers.
- Average weekly hours peaked at 42.5 in 2021.
- Trend declined during the COVID-19 pandemic but has since rebounded.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average number of hours worked per week by production employees in Alabama's non-durable manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor utilization, productivity, and competitiveness within a key segment of Alabama's manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments in Alabama.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor the health and competitiveness of Alabama's non-durable goods manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Alabama (SMU01000003200000007A), retrieved from FRED.