Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Colorado
SMU08000003100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.10
Year-over-Year Change
4.47%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the durable goods manufacturing sector in Colorado. It provides insight into the state's industrial activity and labor market conditions.
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: Durable Goods in Colorado is a key indicator of economic conditions in the state's manufacturing sector. It tracks the number of hours worked per week by production workers, offering insights into the intensity of industrial activity and the overall health of the labor market.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the performance of Colorado's durable goods manufacturing sector and its broader economic implications.
Key Facts
- Colorado's durable goods manufacturing sector accounts for a significant portion of the state's economy.
- The average weekly hours trend has remained relatively stable in recent years.
- Changes in this indicator can signal shifts in production levels and labor demand within the manufacturing industry.
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 durable goods manufacturing sector in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of industrial activity and labor market conditions in Colorado's manufacturing sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts monitor this trend to assess the performance of Colorado's durable goods manufacturing sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of one to two months from the reference period.
Similar SMU Trends
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Colorado
COMINQQGSP
Real Gross Domestic Product: Retail Trade (44-45) in Colorado
CORETAILRGSP
Housing Inventory: Median Days on Market Month-Over-Month in Colorado
MEDDAYONMARMMCO
Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Colorado
CORENTRGSP
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Colorado
SMU08000004142300001
Gross Domestic Product: Utilities (22) in Colorado
COUTILNGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Colorado (SMU08000003100000007), retrieved from FRED.