Average Weekly Hours of All Employees: Goods Producing in Rhode Island
SMU44000000600000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
4.28%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator tracks the average weekly hours worked by all employees in the goods-producing sector in Rhode Island. It provides insights into the state's manufacturing and production activity.
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 All Employees: Goods Producing in Rhode Island measures the average number of hours per week worked by employees in the goods-producing industries, such as manufacturing, construction, and mining, within the state. This metric serves as a barometer for the overall health and productivity of Rhode Island's industrial base.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the state's economic performance and guide decisions on employment, production, and investment.
Key Facts
- Rhode Island's goods-producing sector employs over 70,000 people.
- The average weekly hours worked in this sector has remained relatively stable over the past decade.
- Fluctuations in this metric can signal changes in demand, productivity, and labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by employees in the goods-producing industries, such as manufacturing, construction, and mining, in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and productivity of Rhode Island's industrial base, which is useful for policymakers, economists, and investors in assessing the state's economic performance.
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 trend to guide decisions on employment, production, and investment in Rhode Island's goods-producing sector.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Goods Producing in Rhode Island (SMU44000000600000002), retrieved from FRED.