Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Sweden
Monthly
SWECP020000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.41
Year-over-Year Change
-71.37%
Date Range
1/1/1981 - 3/1/2025
Summary
The Monthly trend measures the average number of hours worked per week by employees in the manufacturing sector of the U.S. economy. This metric is a key indicator of labor market conditions and economic 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, or Average Weekly Hours of Production and Nonsupervisory Employees: Manufacturing, represents the average number of hours per week that employees in the manufacturing industry work. This data series is used by economists and policymakers to assess the state of the labor market and overall economic activity.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Monthly trend helps inform economic and monetary policy decisions by the Federal Reserve and other government agencies.
Key Facts
- The average number of weekly hours worked in U.S. manufacturing peaked at 42.1 in 1997.
- Manufacturing accounts for about 12% of total U.S. employment.
- Weekly hours declined during the 2008-2009 recession but have since recovered.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the average number of hours worked per week by employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and economic productivity, providing insight into the health of the manufacturing industry and overall economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Monthly trend helps inform economic and monetary policy decisions by the Federal Reserve and other government agencies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Monthly (SWECP020000GYM), retrieved from FRED.