Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Sweden
Quarterly, Not Seasonally Adjusted
LFHU24TTSEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172,333.30
Year-over-Year Change
18.58%
Date Range
1/1/1983 - 1/1/2025
Summary
This economic trend measures the total number of hours worked per quarter in the U.S. manufacturing sector. It provides insights into labor market dynamics and productivity.
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 Quarterly, Not Seasonally Adjusted total hours worked series tracks the total hours clocked by manufacturing employees on a quarterly basis, without seasonal adjustments. This metric is a key indicator of industry activity and labor utilization.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of the manufacturing sector and make informed decisions.
Key Facts
- Quarterly hours worked in U.S. manufacturing peaked at 12.7 billion in Q4 2018.
- Manufacturing accounts for approximately 11% of total U.S. employment.
- The trend has declined from its pre-pandemic high due to supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked per quarter by employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics, productivity, and the overall health of the manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess manufacturing sector activity and make informed decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical delay of 1-2 months after the end of the quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFHU24TTSEQ647N), retrieved from FRED.