Average Weekly Hours of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Ohio
SMU39000003133200007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.70
Year-over-Year Change
-3.01%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly hours of production employees in the manufacturing of durable goods, specifically in the fabricated metal product industry within Ohio. It provides insights into labor utilization and productivity in this key 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 trend represents the typical number of hours worked per week by production employees in the fabricated metal product manufacturing industry in Ohio. This metric is used by economists and policymakers to analyze labor market conditions, capacity utilization, and productivity trends in this important manufacturing segment.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists, industry analysts, and policymakers as an indicator of manufacturing activity and the health of the broader economy.
Key Facts
- Ohio is a major hub for fabricated metal product manufacturing.
- Average weekly hours have fluctuated between 40-45 hours in recent years.
- Trends in this metric can signal changes in demand and labor utilization.
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 fabricated metal product manufacturing industry within Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor utilization and productivity within a key manufacturing sector, which is useful for economists, industry analysts, and policymakers in assessing economic conditions.
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: Trends in average weekly hours are closely monitored by policymakers and economists as an indicator of manufacturing activity and the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
Similar SMU Trends
Personal Consumption Expenditures: Goods: Durable Goods for Ohio
OHPCEDURG
Exports of Goods: Manufactured Commodities for Ohio
EXPMANOH
Average Weekly Earnings of All Employees: Professional and Business Services in Ohio
SMU39000006000000011
Durable Manufacturing Earnings in Ohio
OHEDUR
All Employees: Retail Trade: Gasoline Stations and Fuel Dealers in Ohio
SMU39000004245700001
Chain-Type Quantity Index for Real GDP: Oil and Gas Extraction (211) in Ohio
OHOILGASQGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Ohio (SMU39000003133200007), retrieved from FRED.