Average Weekly Hours of Production Employees: Transportation and Utilities: Transportation and Warehousing in Minnesota
SMU27000004340008907 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.20
Year-over-Year Change
-3.29%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic indicator measures the average weekly hours worked by production employees in the transportation and utilities sector in Minnesota. It provides insights into labor market conditions and productivity trends in this important industry.
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: Transportation and Utilities: Transportation and Warehousing in Minnesota metric tracks the typical number of hours worked per week by production workers in the transportation and warehousing industries across the state. This data point is used by economists and policymakers to assess labor market dynamics and labor productivity.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform decisions around economic and workforce policies.
Key Facts
- The average weekly hours peaked at 42.9 in January 2019.
- Weekly hours declined during the COVID-19 pandemic but have since rebounded.
- This indicator helps track productivity and labor demand in the transportation industry.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average number of hours worked per week by production employees in the transportation and utilities sector in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Changes in average weekly hours can provide insights into labor market conditions, productivity, and demand in the transportation and warehousing industries.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours can inform decisions around economic and workforce policies, such as those targeting the transportation and logistics sectors.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Transportation and Utilities: Transportation and Warehousing in Minnesota (SMU27000004340008907), retrieved from FRED.