Average Weekly Hours of Production Employees: Manufacturing in Maine
SMU23000003000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.30
Year-over-Year Change
4.03%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the manufacturing industry in Maine. It provides insights into labor market conditions and productivity in the state'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
The Average Weekly Hours of Production Employees: Manufacturing in Maine is an economic indicator that tracks the average number of hours worked per week by production workers in Maine's manufacturing industry. It serves as a barometer for labor market dynamics and production output in this key sector of the state's economy.
Methodology
The data is collected through surveys of manufacturing establishments in Maine by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and businesses to assess the health and performance of Maine's manufacturing industry.
Key Facts
- Maine's manufacturing sector accounts for over 10% of the state's GDP.
- The average weekly hours worked in Maine's manufacturing industry has remained relatively stable in recent years.
- Changes in this trend can signal shifts in labor demand and production capacity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in Maine's manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and productivity in Maine'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 manufacturing establishments in Maine by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and businesses to assess the health and performance of Maine's manufacturing industry, which informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in Maine (SMU23000003000000007), retrieved from FRED.