Average Weekly Hours of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Indiana
SMU18000003133200007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.90
Year-over-Year Change
-0.97%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the fabricated metal product manufacturing industry in Indiana. It provides insights into labor market conditions and productivity in a key durable goods manufacturing 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 trend tracks the number of hours per week worked by production employees, such as factory workers, in fabricated metal product manufacturing facilities located in Indiana. This metric is a key indicator of labor market tightness and operational efficiency in the durable goods manufacturing industry.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this trend to assess the health of Indiana's manufacturing sector and broader economic conditions.
Key Facts
- Indiana is a major hub for fabricated metal product manufacturing.
- Weekly hours can indicate changes in production, employment, and economic outlook.
- The data is released monthly with a short time lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in fabricated metal product manufacturing facilities located in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, productivity, and operational efficiency within a key durable goods manufacturing industry in Indiana, which is important for understanding broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the health of Indiana's manufacturing sector and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short time lag, providing timely insights into manufacturing activity.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Indiana (SMU18000003133200007), retrieved from FRED.