All Employees: Private Service Providing in Puerto Rico
Monthly, Seasonally Adjusted
SMS72000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
641.50
Year-over-Year Change
1.28%
Date Range
1/1/1990 - 6/1/2025
Summary
The Monthly, Seasonally Adjusted trend measures the average weekly hours worked in the manufacturing sector in the United States. It is a key indicator of economic activity 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
This series tracks the average number of hours that employees in the U.S. manufacturing sector work per week, adjusting for seasonal variations. It provides insight into production levels, labor utilization, and overall economic health.
Methodology
The data is collected through surveys of manufacturing establishments and adjusted for seasonal patterns.
Historical Context
Policymakers and analysts monitor this metric to assess the strength of the manufacturing industry and broader economic conditions.
Key Facts
- The average manufacturing workweek was 40.4 hours in January 2023.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Seasonal adjustments help identify underlying trends in production and labor demand.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted trend measures the average weekly hours worked by employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into production levels, labor utilization, and overall economic health, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and adjusted for seasonal patterns.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the strength of the manufacturing industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMS72000000800000001), retrieved from FRED.