Average Hourly Earnings of Production Employees: Manufacturing in Arkansas
Monthly
SMU05000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.73
Year-over-Year Change
5.37%
Date Range
1/1/2001 - 7/1/2025
Summary
The Monthly trend measures the average number of hours worked per week by production and nonsupervisory employees in the private sector. This metric is a key indicator of labor market conditions and economic activity.
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 trend tracks the average weekly hours worked by production and non-supervisory employees across the U.S. private sector. It provides insight into labor supply, worker productivity, and overall economic performance.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this indicator to assess the health of the labor market and make informed decisions about economic policy.
Key Facts
- The average workweek has ranged from 33.5 to 35.0 hours since 2000.
- Manufacturing employees work longer hours on average than the private sector overall.
- Fluctuations in average weekly hours can signal changes in labor demand and production.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the average number of hours worked per week by production and non-supervisory employees in the U.S. private sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions, worker productivity, and overall economic performance, making it a key indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health of the labor market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The Monthly data is published with a short lag, typically within a month of the reference period, and provides a timely snapshot of labor market conditions.
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Citation
U.S. Federal Reserve, Monthly (SMU05000003000000008), retrieved from FRED.