Average Weekly Hours of All Employees: Goods Producing in Nebraska
SMU31000000600000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.90
Year-over-Year Change
2.57%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Hours of All Employees: Goods Producing in Nebraska measures the average number of hours worked per week by goods-producing employees in the state. This statistic is a key indicator of economic activity and labor market conditions.
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
This trend represents the average weekly hours worked by employees in the goods-producing sector of Nebraska's economy, which includes industries like manufacturing, construction, and mining. Economists and policymakers use this data to assess workforce productivity, labor demand, and economic growth.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform economic policy decisions and provide insight into the health of Nebraska's goods-producing industries.
Key Facts
- Nebraska's goods-producing sector accounts for about 20% of total employment.
- The average weekly hours peaked at 43.3 in January 2019.
- Weekly hours declined during the COVID-19 pandemic but have since recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the goods-producing industries of Nebraska, including manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours are an important indicator of economic activity, labor market conditions, and workforce productivity in Nebraska's goods-producing sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in average weekly hours can inform economic policy decisions and provide insight into the health of Nebraska's goods-producing industries.
Q: Are there update delays or limitations?
A: The data is published monthly 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 Nebraska (SMU31000000600000002), retrieved from FRED.