Average Weekly Hours of All Employees: Manufacturing in Minnesota
Monthly
SMU27000003000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.30
Year-over-Year Change
1.55%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly Trend measures the average number of hours worked per week by all employees in the private nonfarm sector of the U.S. economy. This metric is closely watched by economists and policymakers as an indicator of labor market conditions and economic 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 Monthly Trend reflects the average weekly hours worked by private sector employees, excluding government, farm, and household workers. It is a broad measure of labor utilization and productivity that provides insight into the overall health of the U.S. economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Historical Context
The Monthly Trend is used by the Federal Reserve, policymakers, and market analysts to assess economic conditions and inform monetary and fiscal policy decisions.
Key Facts
- The average weekly hours worked in the U.S. private sector was 34.3 as of the latest report.
- The Monthly Trend has remained relatively stable over the past year, indicating steady labor market conditions.
- Changes in the Monthly Trend can signal shifts in labor demand and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Monthly Trend measures the average number of hours worked per week by all employees in the private nonfarm sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Monthly Trend is a key indicator of labor market conditions and economic activity, providing insight into productivity and utilization of the workforce.
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.
Q: How is this trend used in economic policy?
A: The Monthly Trend is used by the Federal Reserve, policymakers, and market analysts to assess economic conditions and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Monthly Trend data is released by the U.S. Bureau of Labor Statistics on a monthly basis, with a typical 1-month delay.
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Citation
U.S. Federal Reserve, Monthly (SMU27000003000000002), retrieved from FRED.