Average Weekly Hours of Production Employees: Manufacturing in Rhode Island
SMU44000003000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.50
Year-over-Year Change
1.97%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by manufacturing production employees in the state of Rhode Island. It provides insight into the utilization of the manufacturing workforce and broader economic 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 Production Employees: Manufacturing in Rhode Island metric tracks the average number of hours per week that manufacturing production workers in the state are employed. This indicator offers valuable insights into the state's manufacturing sector and broader economic conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to monitor the health and trends within Rhode Island's manufacturing industry.
Key Facts
- Rhode Island's manufacturing sector accounts for over 10% of the state's GDP.
- Average weekly hours peaked at 44.5 in 2019 before declining during the COVID-19 pandemic.
- Fluctuations in this metric often signal changes in demand, production, and overall economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by production employees in Rhode Island's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the utilization of the manufacturing workforce and can signal broader economic conditions and trends within Rhode Island's industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor the health and trends within Rhode Island's manufacturing industry, which is an important component of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in Rhode Island (SMU44000003000000007), retrieved from FRED.