Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Mississippi
SMU28000003100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.10
Year-over-Year Change
1.17%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic indicator measures the average weekly hours worked by production employees in the durable goods manufacturing industry in Mississippi. It provides insights into labor market trends 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: Durable Goods in Mississippi is a key metric used by economists and policymakers to assess the health and activity levels of the state's durable goods manufacturing industry. It serves as a leading indicator of economic conditions and labor market dynamics.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and federal officials to inform economic and workforce development policies.
Key Facts
- The data is released monthly by the U.S. Bureau of Labor Statistics.
- Mississippi's durable goods manufacturing sector employs over 100,000 workers.
- Average weekly hours have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average number of hours worked per week by production employees in the durable goods manufacturing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity, utilization, and demand within Mississippi's durable goods 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 monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and federal policymakers monitor this indicator to inform decisions around economic development, workforce policies, and support for the manufacturing industry in Mississippi.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months. There may be seasonal adjustments and revisions to previous months' figures.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Mississippi (SMU28000003100000007), retrieved from FRED.