Hours Worked for Manufacturing: Material Handling Equipment Manufacturing (NAICS 33392) in the United States
IPUEN33392L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.89
Year-over-Year Change
35.97%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the monthly production of hours worked in the material handling equipment manufacturing industry in the United States. It provides insights into the output and capacity utilization of 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: Material Handling Equipment Manufacturing (NAICS 33392) in the United States indicator tracks the total number of production hours worked in this specific manufacturing segment. It is a valuable metric for analyzing labor productivity, capacity, and underlying demand trends in this important industrial subsector.
Methodology
This data is collected through monthly surveys of manufacturing establishments by the U.S. Federal Reserve.
Historical Context
The hours worked metric is widely used by economists, policymakers, and industry analysts to gauge the health and direction of the material handling equipment manufacturing sector.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- The material handling equipment industry includes forklifts, cranes, and conveyor systems.
- U.S. manufacturing production has increased by over 25% since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of production hours worked in the material handling equipment manufacturing industry (NAICS 33392) in the United States.
Q: Why is this trend relevant for users or analysts?
A: The hours worked metric provides valuable insights into labor productivity, capacity utilization, and demand trends within this important manufacturing subsector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this hours worked metric to assess the health and direction of the material handling equipment manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Hours Worked for Manufacturing: Material Handling Equipment Manufacturing (NAICS 33392) in the United States (IPUEN33392L200000000), retrieved from FRED.