Average Hourly Earnings of Production Employees: Manufacturing in Virginia
Monthly
SMU51000003000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.72
Year-over-Year Change
7.73%
Date Range
1/1/2001 - 7/1/2025
Summary
The Monthly trend measures the average number of hours worked per week by production and nonsupervisory employees in the private sector. This key labor market indicator provides insight into economic activity and productivity.
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 trend represents the average number of hours worked per week by private sector production and nonsupervisory employees. It is a widely-watched economic indicator that helps analysts assess labor market conditions, worker productivity, and overall economic performance.
Methodology
The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and market participants to gauge the strength of the economy and labor market.
Key Facts
- The average workweek in the private sector is around 34 hours.
- Longer work hours can signal strong economic demand and labor shortages.
- Shorter work hours may indicate weaker labor market conditions.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the average number of hours worked per week by private sector production and nonsupervisory employees.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides insight into economic activity, worker productivity, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market participants to gauge the strength of the economy and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of a few weeks.
Similar SMU Trends
Gross Domestic Product: Accommodation and Food Services (72) in Virginia
VAACCFDNGSP
Coefficient for Transportation Carbon Dioxide Emissions, Lubricants for Virginia
EMISSCO2CLUACBVAA
All Employees: Government: Local Government Educational Services in Virginia
SMU51000009093161101
Number of Identified Exporters to Austria from Virginia
VAAUTA475SCEN
Gross Domestic Product: Utilities (22) in Virginia
VAUTILNGSP
90% Confidence Interval Lower Bound of Estimate of Median Household Income for Virginia
MHICILBVA51000A052NCEN
Citation
U.S. Federal Reserve, Monthly (SMU51000003000000008), retrieved from FRED.