Average Weekly Hours of All Employees: Manufacturing in Louisiana
SMU22000003000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.50
Year-over-Year Change
-1.58%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Hours of All Employees: Manufacturing in Louisiana metric tracks the average number of hours worked per week by manufacturing workers in the state. This provides valuable insight into the productivity and output of Louisiana's 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
This economic trend measures the average number of hours worked per week by all employees in the manufacturing industry within the state of Louisiana. It is a key indicator of labor utilization and can signal changes in production capacity, overtime, and employment in the state's manufacturing base.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, economists, and analysts to assess the health and momentum of Louisiana's manufacturing industry.
Key Facts
- Louisiana manufacturing employs over 150,000 workers.
- Manufacturing accounts for 11% of Louisiana's total GDP.
- The state's average weekly manufacturing hours reached a high of 45.2 in 2018.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by all employees in the manufacturing industry within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: It provides valuable insight into the productivity and output of Louisiana's manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, economists, and analysts to assess the health and momentum of Louisiana's manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Manufacturing in Louisiana (SMU22000003000000002), retrieved from FRED.