Average Weekly Hours of All Employees: Goods Producing in Delaware
SMU10000000600000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.90
Year-over-Year Change
-4.77%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Goods Producing in Delaware measures the average number of hours worked per week by goods-producing employees in the state of Delaware. This indicator provides insights into labor productivity and utilization in the manufacturing and production sectors.
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 economic trend tracks the average weekly hours of all employees in goods-producing industries within Delaware. It is used by economists and policymakers to assess labor market conditions, gauge business cycle fluctuations, and evaluate the state's manufacturing and industrial performance.
Methodology
The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by the Federal Reserve and other agencies to monitor the health of the broader economy.
Key Facts
- Delaware's goods-producing sector accounts for approximately 12% of total employment.
- The average weekly hours for goods-producing workers in Delaware has ranged between 40-44 hours since 2010.
- Manufacturing is the largest component of Delaware's goods-producing industries, comprising over 60% of sector employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in goods-producing industries within the state of Delaware, such as manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor productivity, utilization, and the health of Delaware's manufacturing and industrial sectors, which are important for assessing the broader state economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve and other agencies to monitor the health of the broader economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag by the U.S. Bureau of Labor Statistics.
Related Trends
Dividends, Interest and Rent in Delaware
DEODIV
Gross Domestic Product: Printing and Related Support Activities (323) in Delaware
DEPRNTNGSP
Regional Price Parities: All Items for Delaware
DERPPALL
Real Gross Domestic Product: Retail Trade (44-45) in Delaware
DERETAILRQGSP
Personal Contributions for Social Insurance in Delaware
DEOSOC
Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Delaware
DEELCEQAPMANRGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Goods Producing in Delaware (SMU10000000600000002A), retrieved from FRED.