All Employees: Retail Trade in South Carolina
Monthly, Not Seasonally Adjusted
SMU45000004200000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
270.50
Year-over-Year Change
0.37%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the manufacturing sector of the U.S. economy. It provides insights into production levels and labor market dynamics.
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 Monthly, Not Seasonally Adjusted manufacturing average weekly hours metric tracks the average number of hours worked per week by all employees in the U.S. manufacturing industry. This data point is closely monitored by economists and policymakers to gauge the health and productivity of the manufacturing sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is frequently used to analyze labor market conditions and production capacity in the manufacturing industry.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Average weekly hours in manufacturing have ranged from 38 to 42 over the past decade.
- This metric is considered a leading indicator of broader economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into production levels, labor market dynamics, and the overall health of the manufacturing industry, which is a critical component of the U.S. economy.
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: This trend is closely monitored by economists and policymakers to assess the strength of the manufacturing sector and make informed decisions about economic policy and interventions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU45000004200000001), retrieved from FRED.