Average Weekly Hours of Production Employees: Manufacturing in Maryland
SMU24000003000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.50
Year-over-Year Change
0.73%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Hours of Production Employees: Manufacturing in Maryland metric tracks the average number of hours worked per week by manufacturing production workers in the state. This provides insight into labor market conditions and productivity in the Maryland 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 reports the average number of hours worked per week by production employees in Maryland's manufacturing industry. It is a useful measure of labor input and utilization, which can inform analysis of manufacturing activity, worker productivity, and broader economic trends.
Methodology
The data is collected through monthly surveys of manufacturing establishments in Maryland by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this metric to assess the health of the state's manufacturing industry and its contributions to the overall economy.
Key Facts
- Maryland manufacturing production employees worked an average of 40.8 hours per week in 2022.
- Manufacturing accounts for over 5% of Maryland's total GDP.
- Weekly hours have risen steadily since the COVID-19 recession in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by production employees in Maryland's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor market conditions, worker productivity, and the overall health of Maryland's manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments in Maryland by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the state's manufacturing activity and its contributions to the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in Maryland (SMU24000003000000007), retrieved from FRED.