Average Weekly Hours of All Employees: Total Private in Arizona
Monthly
SMU04000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.40
Year-over-Year Change
-1.43%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly trend measures the monthly percentage change in manufacturing production in the United States. This metric is a key indicator of the health and direction of the U.S. industrial economy.
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 Monthly trend tracks month-over-month changes in the volume of goods produced by U.S. manufacturing industries. It is a closely watched statistic that provides insight into the strength of the manufacturing sector and broader economic activity.
Methodology
This data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use the Monthly trend to assess the manufacturing industry's contribution to overall economic growth.
Key Facts
- Manufacturing accounts for about 12% of U.S. GDP.
- The Monthly trend reached a record high in 2021 as the economy recovered from the COVID-19 pandemic.
- Durable goods manufacturing is a larger component of the Monthly index than nondurable goods.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the month-over-month percentage change in the volume of goods produced by U.S. manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: The Monthly trend is a closely watched indicator of the health and direction of the U.S. industrial economy, providing insights into manufacturing activity and broader economic conditions.
Q: How is this data collected or calculated?
A: The data for the Monthly trend 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: Policymakers and analysts use the Monthly trend to assess the manufacturing industry's contribution to overall economic growth and to inform policy decisions.
Q: Are there update delays or limitations?
A: The Monthly trend data is released with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
Similar SMU Trends
Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arizona
SMU04000004000000002
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Arizona
AZMINQQGSP
Regional Price Parities: Services: Other for Arizona
AZRPPSERVEOTH
Average Weekly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Arizona
SMU04000006500000011
Personal Consumption Expenditures: Services: Health Care for Arizona
AZPCEHLTHCARE
Gross Domestic Product: Farms (111-112) in Arizona
AZFARMNGSP
Citation
U.S. Federal Reserve, Monthly (SMU04000000500000002), retrieved from FRED.