Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Rhode Island
SMU44000003100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.60
Year-over-Year Change
-0.81%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the manufacturing of durable goods in Rhode Island. It provides insight into the state's manufacturing activity and labor market conditions.
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 tracks the number of hours worked per week by production employees in the durable goods manufacturing sector in Rhode Island. This metric is a key indicator of the state's economic health and can signal changes in production, demand, and workforce utilization.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess Rhode Island's manufacturing sector performance and make informed decisions.
Key Facts
- Rhode Island's durable goods manufacturing accounts for a significant portion of the state's economy.
- The average weekly hours trend has shown fluctuations over the past decade, reflecting changes in production and employment.
- Policymakers monitor this metric to assess the health of the state's manufacturing sector and make informed decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the manufacturing of durable goods in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and health of Rhode Island's manufacturing sector, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys 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 assess the state's manufacturing sector and make informed decisions about economic policy and initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Rhode Island (SMU44000003100000007), retrieved from FRED.