Average Weekly Hours of Production Employees: Manufacturing in Connecticut
Annual
SMU09000003000000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.80
Year-over-Year Change
-4.20%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the average hours worked per week by all employees in the private non-farm sector of the U.S. economy. This metric is a key indicator of labor market conditions and productivity.
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 Annual trend provides a comprehensive view of weekly work hours across the private non-farm sector. Economists and policymakers use this data to assess labor market health, predict economic growth, and inform decisions around employment and productivity.
Methodology
The Bureau of Labor Statistics collects and calculates this data through the Current Employment Statistics (CES) survey of businesses.
Historical Context
The Annual trend helps inform federal monetary and fiscal policies aimed at maintaining full employment and stable economic growth.
Key Facts
- The average American worker puts in around 34.5 hours per week.
- Work hours declined during the COVID-19 pandemic but have since rebounded.
- Longer work hours can signal a tight labor market and economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of hours worked per week by all private non-farm employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and productivity, which are crucial for understanding economic growth and informing policy decisions.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects this data through the Current Employment Statistics (CES) survey of businesses.
Q: How is this trend used in economic policy?
A: The Annual trend helps inform federal monetary and fiscal policies aimed at maintaining full employment and stable economic growth.
Q: Are there update delays or limitations?
A: The Annual data is published monthly with a lag of about one month.
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Citation
U.S. Federal Reserve, Annual (SMU09000003000000007A), retrieved from FRED.