Average Weekly Hours of All Employees: Manufacturing in Utah
SMU49000003000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.50
Year-over-Year Change
-0.77%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Manufacturing in Utah' measures the average number of hours worked per week by manufacturing workers in the state of Utah. This data provides insight into productivity and labor market trends in the state's manufacturing 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
This economic indicator tracks the average weekly hours for all employees in the manufacturing industry in Utah. It is a useful metric for analyzing labor utilization, production capacity, and economic conditions within the state's manufacturing base.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to gauge the health and direction of Utah's manufacturing sector and broader economic activity.
Key Facts
- Utah manufacturing employs over 130,000 workers.
- Average weekly hours peaked at 44.7 in January 2022.
- Manufacturing accounts for 9.4% of Utah's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average number of hours worked per week by employees in the manufacturing industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into productivity, labor utilization, and economic conditions within Utah's manufacturing sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the health and direction of Utah's manufacturing sector and broader economic activity, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Manufacturing in Utah (SMU49000003000000002), retrieved from FRED.