Hours Worked for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States
IPUEN3119L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.27
Year-over-Year Change
50.19%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the total hours worked in the Other Food Manufacturing industry (NAICS 3119) in the United States. It provides insight into the level of production and labor activity 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 Hours Worked for Manufacturing: Other Food Manufacturing (NAICS 3119) data series tracks the total number of hours worked by production and nonsupervisory employees in this specific manufacturing industry. It serves as an important indicator of the overall health and productivity of the food manufacturing supply chain.
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, policymakers, and industry analysts to assess the strength of the broader food manufacturing industry.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- The food manufacturing industry employs over 1.5 million workers.
- Other Food Manufacturing represents a $100+ billion industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by production and nonsupervisory employees in the Other Food Manufacturing industry (NAICS 3119) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of production and labor activity in the food manufacturing supply chain, which is a key indicator of economic health and productivity.
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, policymakers, and industry analysts to assess the strength of the broader food manufacturing industry and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Hours Worked for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States (IPUEN3119L010000000), retrieved from FRED.