Average Weekly Hours of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Ohio
SMU39000003133600007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
11.68%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the transportation equipment manufacturing industry in Ohio. It provides insights into labor demand and productivity in this key 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
The average weekly hours trend reflects the typical number of hours worked per week by production workers in transportation equipment manufacturing facilities located in Ohio. This metric is used by economists and policymakers to gauge labor market conditions and industrial activity in the state.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in average weekly hours can signal shifts in production, overtime, and workforce utilization that are relevant for understanding Ohio's economy and transportation manufacturing industry.
Key Facts
- Ohio is a major center for transportation equipment manufacturing.
- Weekly hours fluctuate with economic conditions and production demands.
- The data is released monthly with a short lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in transportation equipment manufacturing facilities located in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: Changes in average weekly hours provide insights into labor demand, productivity, and overall activity in Ohio's important transportation manufacturing sector, which is relevant for understanding the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge labor market conditions, production levels, and industrial activity in Ohio, which can inform decisions related to economic development, workforce, and transportation policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, typically 1-2 months. There may be seasonal adjustments and potential revisions to earlier data points.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Ohio (SMU39000003133600007), retrieved from FRED.