Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Illinois
SMU17000003200000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.70
Year-over-Year Change
-8.94%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the average weekly hours worked by production employees in the non-durable goods manufacturing sector in Illinois. It provides insight into labor market conditions and productivity in this key part of the state's economy.
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 Illinois series tracks the average number of hours worked per week by factory workers producing non-durable goods, such as food, apparel, and chemicals, in the state of Illinois. This metric is used by economists and policymakers to monitor labor market dynamics and industrial output.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform decisions around employment, production, and economic policy at the state and national levels.
Key Facts
- Illinois is the 5th largest manufacturing state in the U.S.
- Non-durable goods account for over 40% of Illinois' total manufacturing output.
- Average weekly hours in Illinois non-durable manufacturing peaked at 42.1 in 2018.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the non-durable goods manufacturing sector in Illinois.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours provide insight into labor market conditions, productivity, and industrial output in this key sector of the Illinois economy, which is important for economic analysis and policy decisions.
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: Changes in average weekly hours can inform decisions around employment, production, and economic policy at the state and national levels.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
Related Trends
Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Illinois
ILPCEPCCLTH
Business Applications with Planned Wages: Total for All NAICS in Illinois
BAWBATOTALNSAIL
Real Gross Domestic Product: Information (51) in Illinois
ILINFORQGSP
State Government Tax Collections, Total Taxes in Illinois
ILTOTLTAX
All Employees: Mining, Logging, and Construction in Illinois
SMU17000001500000001A
Real Gross Domestic Product: Manufacturing (31-33) in Illinois
ILMANRGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Illinois (SMU17000003200000007A), retrieved from FRED.