Average Weekly Hours of Production Employees: Manufacturing in Arkansas
SMU05000003000000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.60
Year-over-Year Change
-9.62%
Date Range
1/1/2001 - 1/1/2024
Summary
The Average Weekly Hours of Production Employees: Manufacturing in Arkansas metric tracks the average number of hours worked per week by manufacturing production workers in the state. This provides key insights into labor market conditions and manufacturing output.
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 measures the average weekly hours worked by production employees in the manufacturing sector across Arkansas. It is a leading indicator of manufacturing activity and can signal changes in employment, productivity, and economic conditions.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the health of the state's manufacturing industry and broader economic trends.
Key Facts
- Arkansas manufacturing production employees worked an average of 41.1 hours per week in 2022.
- Weekly hours peaked at 43.9 in late 2021 as the economy recovered from the COVID-19 pandemic.
- Manufacturing accounts for over 12% of Arkansas's GDP.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of Production Employees: Manufacturing in Arkansas metric tracks the average number of hours worked per week by manufacturing production workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into labor market conditions and manufacturing output in Arkansas, making it a valuable indicator for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of the state's manufacturing industry and broader economic trends, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in Arkansas (SMU05000003000000007A), retrieved from FRED.