All Employees: Manufacturing: Durable Goods in Arizona
Annual, Not Seasonally Adjusted
SMU04000003100000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.80
Year-over-Year Change
19.45%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual average of manufacturing hours worked per week in the United States, without seasonal adjustments. It provides insights into production patterns and labor market dynamics.
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 Annual, Not Seasonally Adjusted manufacturing hours trend represents the average weekly hours worked in the U.S. manufacturing sector on an annual basis, without removing seasonal fluctuations. This data is used by economists and policymakers to analyze labor market trends and production capacity.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This trend is relevant for understanding overall economic activity and informing policy decisions.
Key Facts
- The 2022 annual average was 40.5 hours per week.
- Manufacturing hours peaked at 41.1 hours per week in 2018.
- This trend has declined from a high of 42.6 hours per week in the late 1990s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked in the U.S. manufacturing sector on an annual basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into production patterns and labor market dynamics in the manufacturing industry, which is crucial for understanding overall economic activity and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor market trends and production capacity, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU04000003100000001A), retrieved from FRED.