Hours Worked for Manufacturing: Animal (Except Poultry) Slaughtering (NAICS 311611) in the United States
IPUEN311611L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
321.95
Year-over-Year Change
4.12%
Date Range
1/1/1987 - 1/1/2021
Summary
This economic trend measures the total number of hours worked in the animal (except poultry) slaughtering industry in the United States. It provides insights into the production capacity and labor utilization within 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 Hours Worked for Manufacturing: Animal (Except Poultry) Slaughtering (NAICS 311611) in the United States indicator tracks the total number of hours worked by employees in this industry. It serves as an important metric for analyzing labor productivity, operational efficiency, and overall economic activity within the animal slaughtering manufacturing segment.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, industry analysts, and policymakers to gauge the health and dynamics of the animal slaughtering manufacturing sector.
Key Facts
- The animal slaughtering industry is a key component of the U.S. manufacturing sector.
- Hours worked data provides insights into production capacity and labor utilization.
- Trends in this indicator can signal changes in economic activity and employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the animal (except poultry) slaughtering industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the production capacity, labor utilization, and overall economic activity within the animal slaughtering manufacturing sector, which is a key component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, industry analysts, and policymakers to gauge the health and dynamics of the animal slaughtering manufacturing sector, which can inform economic decision-making and policy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions common to economic indicators collected by government statistical agencies.
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Citation
U.S. Federal Reserve, Hours Worked for Manufacturing: Animal (Except Poultry) Slaughtering (NAICS 311611) in the United States (IPUEN311611L200000000), retrieved from FRED.