Hours Worked for Manufacturing: Motor Vehicle Body and Trailer Manufacturing (NAICS 3362) in the United States
IPUEN3362L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310.64
Year-over-Year Change
19.82%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked in the motor vehicle body and trailer manufacturing industry in the United States. It provides insights into the production activity and labor utilization 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: Motor Vehicle Body and Trailer Manufacturing (NAICS 3362) series tracks the total number of hours worked by employees in this specific manufacturing industry. It is an important indicator of production capacity, labor demand, and economic conditions in the broader automotive and transportation equipment manufacturing landscape.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this metric to gauge the health and outlook of the motor vehicle manufacturing sector and its role in the broader economy.
Key Facts
- Motor vehicle body and trailer manufacturing is a key part of the U.S. automotive industry.
- Hours worked in this sector indicate production capacity and labor demand.
- The data is collected monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the motor vehicle body and trailer manufacturing industry (NAICS 3362) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into production capacity, labor demand, and economic conditions in the broader automotive and transportation equipment manufacturing sector, which is a critical part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to gauge the health and outlook of the motor vehicle manufacturing sector and its role in the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hours Worked for Manufacturing: Motor Vehicle Body and Trailer Manufacturing (NAICS 3362) in the United States (IPUEN3362L200000000), retrieved from FRED.