All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Indiana
Annual, Not Seasonally Adjusted
SMU18000004244100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.40
Year-over-Year Change
14.07%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by all employees in the Manufacturing sector in the U.S. It provides insight into production levels 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 Average Weekly Hours for Manufacturing series represents the average number of hours per week that manufacturing employees work. It is an important indicator of economic activity and labor market conditions, as changes in weekly hours can signal shifts in production, employment, and overall economic performance.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of the manufacturing industry and make informed decisions.
Key Facts
- The average weekly hours in U.S. manufacturing peaked at 41.7 hours in 1943.
- Weekly hours in manufacturing reached a low of 38.8 during the Great Recession in 2009.
- Manufacturing accounts for approximately 8% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week that manufacturing employees in the United States work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into production levels, labor market conditions, and the overall health of the manufacturing industry, which is a key sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the manufacturing industry and make informed decisions about economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU18000004244100001A), retrieved from FRED.