Average Weekly Hours of All Employees: Professional and Business Services in Illinois
Monthly
SMU17000006000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.50
Year-over-Year Change
2.31%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly series measures the average number of hours worked per week by all employees in the manufacturing industry in the United States. This metric is a key indicator of economic activity and labor market conditions.
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 series provides a timely snapshot of the manufacturing workforce and production capacity. It is closely watched by economists, policymakers, and businesses to gauge the health of the industrial sector and broader economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can signal changes in demand, labor shortages, or productivity, informing economic analysis and policy decisions.
Key Facts
- The average manufacturing workweek is around 40 hours.
- Longer hours can indicate rising demand or labor shortages.
- Shorter hours can signal economic slowdown or reduced production.
FAQs
Q: What does this economic trend measure?
A: The Monthly series measures the average number of hours worked per week by all employees in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly manufacturing hours provide insights into the health of the industrial sector and broader economy, informing analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in average weekly hours can signal shifts in demand, labor supply, or productivity, which are closely monitored by economists and policymakers.
Q: Are there update delays or limitations?
A: The Monthly series is published with a short delay and provides a timely snapshot of the manufacturing workforce.
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Citation
U.S. Federal Reserve, Monthly (SMU17000006000000002), retrieved from FRED.