Average Weekly Hours of All Employees: Goods Producing in Massachusetts
SMU25000000600000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.90
Year-over-Year Change
-1.02%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the goods-producing sector in Massachusetts. It provides important insights into the state's manufacturing and industrial activity.
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 All Employees: Goods Producing in Massachusetts trend represents the average number of hours per week worked by employees in industries such as manufacturing, construction, and mining within the state. This metric is a key indicator of labor market conditions and economic productivity.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to assess the health of Massachusetts' industrial and manufacturing sectors.
Key Facts
- Massachusetts is a major manufacturing hub in the U.S.
- The goods-producing sector accounts for over 10% of the state's GDP.
- Average weekly hours peaked at 42.4 in December 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by employees in the goods-producing industries, such as manufacturing, construction, and mining, within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and productivity of Massachusetts' industrial and manufacturing sectors, which are crucial to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this trend to assess the state of Massachusetts' industrial and manufacturing sectors, which informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Goods Producing in Massachusetts (SMU25000000600000002), retrieved from FRED.