Average Weekly Hours of Production Employees: Manufacturing in Virginia
SMU51000003000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.30
Year-over-Year Change
-1.54%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Hours of Production Employees: Manufacturing in Virginia measures the average number of hours worked per week by manufacturing production workers in the state. This metric provides insight into the strength and productivity of Virginia'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 series tracks the average weekly hours for production employees in the manufacturing industry within the state of Virginia. It is a key indicator of labor utilization and can signal changes in output, overtime, and overall economic conditions.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of Virginia's manufacturing industry and make informed decisions about economic and workforce policies.
Key Facts
- Virginia's manufacturing sector accounts for over 240,000 jobs.
- The average weekly hours for production workers has remained relatively stable in recent years.
- Manufacturing is a key contributor to Virginia's economy, making up approximately 10% of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the manufacturing industry within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and productivity of Virginia's manufacturing sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Virginia's manufacturing industry and make informed decisions about economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in Virginia (SMU51000003000000007), retrieved from FRED.