Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Nebraska
SMU31000003100000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.10
Year-over-Year Change
-4.87%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by production employees in the durable goods manufacturing industry in Nebraska. It provides insights into labor market conditions and production capacity 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 metric tracks the typical number of hours worked per week by production workers in durable goods manufacturing facilities located in Nebraska. This data point is used by economists and policymakers to assess the health and activity levels of the state's manufacturing industry.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly manufacturing hours can inform economic and labor market policies at the state level.
Key Facts
- Nebraska's durable goods manufacturing sector employs over 90,000 workers.
- The average workweek in this industry is around 42 hours.
- Manufacturing accounts for over 10% of Nebraska's gross state product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the durable goods manufacturing industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and production capacity in Nebraska's manufacturing sector, which is an important driver of the state's economy.
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 manufacturing hours can inform economic and labor market policies at the state level, as they reflect the health and activity levels of a key industry.
Q: Are there update delays or limitations?
A: There may be lags of several weeks or months in the data reporting and publication schedule.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Nebraska (SMU31000003100000007A), retrieved from FRED.