Average Weekly Hours of All Employees: Manufacturing in Ohio
SMU39000003000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.80
Year-over-Year Change
-0.25%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Hours of All Employees: Manufacturing in Ohio metric tracks the average number of hours worked per week by manufacturing employees in the state of Ohio. This provides important insights into the production capacity and labor utilization of Ohio'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
This data series measures the average weekly hours for all employees in the manufacturing industry within the state of Ohio. It serves as a key indicator of economic activity and labor market trends in the state's manufacturing base, which is a critical component of Ohio's overall economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the health and productivity of Ohio's manufacturing sector and make informed decisions regarding economic and workforce policies.
Key Facts
- Ohio is a major manufacturing hub, accounting for over 17% of the state's GDP.
- Manufacturing employs nearly 700,000 people in Ohio, making it a critical industry.
- The average weekly hours metric provides insight into production capacity and labor market trends.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by manufacturing employees in the state of Ohio. It provides insights into the production capacity and labor utilization of Ohio's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the health and productivity of Ohio's manufacturing industry, which is a key driver of the state's economy. It informs economic and workforce policy decisions by policymakers and analysts.
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: Policymakers and economists use this metric to assess the state of Ohio's manufacturing sector and make informed decisions regarding economic and workforce policies that impact the industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag, so it provides timely insights into current manufacturing activity in Ohio.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Manufacturing in Ohio (SMU39000003000000002), retrieved from FRED.