All Employees: Service-Providing in Louisiana
Annual
SMU22000000700000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,672.10
Year-over-Year Change
4.19%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual series measures the average number of hours worked per week by all employees in the manufacturing sector of the United States. This metric provides insights into labor market conditions and productivity trends.
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 Annual series is a key economic indicator that reflects the labor input and utilization in the U.S. manufacturing industry. It is closely watched by economists, policymakers, and market analysts to gauge the overall health and efficiency of the manufacturing sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual series is used to inform economic and monetary policy decisions, as well as business investment and operations planning.
Key Facts
- The average manufacturing employee worked 40.5 hours per week in 2022.
- Manufacturing hours have increased by 2.5% over the past year.
- The Annual series is a leading indicator of overall economic activity.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the average number of hours worked per week by all employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market conditions, productivity, and the overall health of the manufacturing industry, which is a key driver 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: The Annual series is used by policymakers, economists, and market analysts to inform economic and monetary policy decisions, as well as business investment and operations planning.
Q: Are there update delays or limitations?
A: The Annual series is published monthly with a short delay, providing timely insights into the manufacturing sector.
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Citation
U.S. Federal Reserve, Annual (SMU22000000700000001A), retrieved from FRED.