Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Oregon
SMU41000003100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.40
Year-over-Year Change
1.72%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the durable goods manufacturing industry in Oregon. It provides insights into labor market conditions and productivity in this key 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 Oregon metric tracks the average number of hours worked per week by production workers in Oregon's durable goods manufacturing industry. This data series is a valuable indicator of economic activity and can inform business decisions as well as state and federal policymaking.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Oregon's manufacturing sector and make informed decisions about economic and workforce policies.
Key Facts
- Oregon's durable goods manufacturing sector employs over 100,000 workers.
- Average weekly hours peaked at 44.9 in January 2022.
- The trend has shown volatility during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in Oregon's durable goods manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and productivity in a key sector of Oregon's economy, informing business decisions and policymaking.
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 analysts use this trend to assess the health of Oregon's manufacturing sector and make informed decisions about economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
Similar SMU Trends
All Employees: Leisure and Hospitality: Full-Service Restaurants in Oregon
SMU41000007072251101SA
Chain-Type Quantity Index for Real GDP: Food Services and Drinking Places (722) in Oregon
ORFOODDPQGSP
All Employees: Government: Local Government Educational Services in Oregon
SMU41000009093161101SA
All Employees: Professional and Business Services: Architectural, Engineering, and Related Services in Oregon
SMU41000006054130001SA
Real Gross Domestic Product: Accommodation (721) in Oregon
ORACCOMDRGSP
Gross Domestic Product: Oil and Gas Extraction (211) in Oregon
OROILGASNGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Oregon (SMU41000003100000007), retrieved from FRED.