Average Weekly Hours of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Illinois
SMU17000004142300007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
-0.78%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the wholesale trade of durable goods in Illinois. It provides insights into the labor dynamics and productivity in this key economic sector.
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: Wholesale Trade: Merchant Wholesalers, Durable Goods in Illinois trend tracks the average number of hours worked per week by production employees in the durable goods wholesale trade industry within the state of Illinois. This metric is used by economists and policymakers to gauge labor market conditions and productivity trends in this important commercial segment.
Methodology
The data is collected through surveys of establishments in the wholesale trade industry.
Historical Context
This trend is used to inform economic and labor market policies, as well as business planning and investment decisions.
Key Facts
- Illinois is a major hub for durable goods wholesale trade.
- Average weekly hours provide insights into labor productivity.
- This trend has been relatively stable over the past decade.
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 durable goods wholesale trade industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and productivity in the durable goods wholesale trade sector, which is an important indicator for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments in the wholesale trade industry.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and labor market policies, as well as business planning and investment decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Illinois (SMU17000004142300007), retrieved from FRED.