Average Weekly Hours of Production Employees: Manufacturing in Colorado
SMU08000003000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.30
Year-over-Year Change
6.79%
Date Range
1/1/2001 - 7/1/2025
Summary
This series measures the average weekly hours worked by production employees in the manufacturing sector in Colorado. It provides insights into labor market conditions and production activity in the state'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 Average Weekly Hours of Production Employees: Manufacturing in Colorado metric tracks the average number of hours worked per week by production workers at manufacturing facilities in the state. This indicator offers insights into the intensity of production activity and can signal changes in labor demand and supply within Colorado's manufacturing industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to monitor the health of Colorado's manufacturing sector and make informed decisions about economic and labor market policies.
Key Facts
- Colorado's manufacturing sector employs over 150,000 workers.
- The average weekly hours for production employees in Colorado manufacturing has remained relatively stable over the past decade.
- Manufacturing accounts for about 6% of Colorado's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the manufacturing sector in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the intensity of production activity and labor demand within Colorado's manufacturing industry, which is an important sector of the state's economy.
Q: How is this data collected or calculated?
A: The data 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: This trend is used by economists and policymakers to monitor the health of Colorado's manufacturing sector and inform decisions about economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in Colorado (SMU08000003000000007), retrieved from FRED.