Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Colorado
SMU08000003200000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.80
Year-over-Year Change
10.48%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the non-durable goods manufacturing sector in Colorado. It provides insights into the productivity and labor utilization of this key industry.
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: Non-Durable Goods in Colorado metric tracks the average number of hours worked per week by production workers in Colorado's non-durable goods manufacturing industry. This data point is an important indicator of labor market conditions and economic activity in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the overall health and productivity of Colorado's manufacturing sector.
Key Facts
- Colorado's non-durable goods manufacturing sector accounts for over 20% of the state's total manufacturing employment.
- The average weekly hours for production workers in this industry have remained relatively stable over the past decade.
- Trends in this metric can signal changes in production, labor demand, and economic conditions in Colorado.
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 non-durable goods manufacturing sector in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and labor utilization of Colorado's non-durable goods manufacturing industry, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this trend to assess the overall health and productivity of Colorado's manufacturing sector, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Real Gross Domestic Product: All Industry Total in Colorado
CORQGSP
Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Colorado
COMVEHMANQGSP
Gross Domestic Product: Legal Services (5411) in Colorado
COLEGALNGSP
Housing Inventory: Median Days on Market Month-Over-Month in Colorado
MEDDAYONMARMMCO
Regional Price Parities: Services: Housing: Metropolitan Portion for Colorado
COMPRPPSERVERENT
Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Colorado
COFININSQGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Colorado (SMU08000003200000007), retrieved from FRED.