All Employees: Goods Producing in Maine
Monthly, Not Seasonally Adjusted
SMU23000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.40
Year-over-Year Change
-0.44%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked in the manufacturing sector in the United States. It 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, Not Seasonally Adjusted series reflects the average number of hours worked per week by manufacturing employees, without adjustments for seasonal variations. It provides insights into production levels, labor demand, and productivity trends in the manufacturing industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the health of the manufacturing sector and the broader economy.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Average weekly hours in manufacturing peaked at 41.7 in 1943 during World War II.
- The trend has declined from over 40 hours per week in the 1950s to around 40 hours today.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the U.S. manufacturing sector, without adjustments for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing hours trend provides insights into production levels, labor demand, and productivity in the manufacturing industry, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess the health of the manufacturing sector and the broader economy, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU23000000600000001), retrieved from FRED.