Hours Worked for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States
IPUEN3119L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
531.04
Year-over-Year Change
50.19%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the Other Food Manufacturing (NAICS 3119) industry in the United States. It provides insights into labor utilization and productivity within this important 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) trend tracks the total number of hours worked by employees in this subsector of the food manufacturing industry. This data is a key indicator of economic activity and can inform analysis of industry output, employment, and operational efficiency.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and industry analysts to monitor the health and trends within the broader food manufacturing industry.
Key Facts
- The Other Food Manufacturing subsector includes products like snack foods, coffee, and spices.
- This industry accounts for over $200 billion in annual shipments in the U.S.
- Manufacturing jobs in this sector tend to have higher-than-average wages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the Other Food Manufacturing (NAICS 3119) industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor utilization and productivity within an important manufacturing sector, informing analysis of industry output, employment, and operational efficiency.
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 metric is widely used by economists, policymakers, and industry analysts to monitor the health and trends within the broader food manufacturing industry.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States (IPUEN3119L200000000), retrieved from FRED.