Average Hourly Earnings of Production Employees: Manufacturing in Puerto Rico
Annual
SMU72000003000000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.35
Year-over-Year Change
13.44%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the average number of weeks worked per year by employees in the United States. It is a key economic indicator for labor market analysis and policymaking.
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 Annual trend represents the average number of weeks worked annually by U.S. employees. It provides insights into labor force participation, productivity, and economic conditions that shape employment patterns.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric is used by economists, policymakers, and analysts to assess labor market health and trends.
Key Facts
- The average number of weeks worked per year in the U.S. is around 48.
- Weeks worked per year have declined slightly over the past decade.
- Differences in weeks worked vary by industry and demographic groups.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of weeks worked per year by employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor force participation, productivity, and economic conditions that shape employment patterns.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and analysts to assess labor market health and trends.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a short publication delay.
Related Trends
Constant GDP per capita for Puerto Rico
NYGDPPCAPKDPRI
All Employees: Construction: Construction of Buildings in Puerto Rico
SMU72000002023600001SA
Civilian Labor Force in Puerto Rico
PRLF
All Employees: Manufacturing: Non-Durable Goods: Apparel Manufacturing in Puerto Rico
SMU72000003231500001SA
All Employees: Education and Health Services: Private Colleges, Universities, and Professional Schools in Puerto Rico
SMU72000006561130001SA
All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Puerto Rico
SMU72000004244100001
Citation
U.S. Federal Reserve, Annual (SMU72000003000000008A), retrieved from FRED.