All Employees: Mining, Logging, and Construction in Idaho
Annual, Not Seasonally Adjusted
SMU16000001500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.90
Year-over-Year Change
114.41%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures average weekly hours worked in the manufacturing sector in the United States. It is a key indicator of labor market conditions and economic activity.
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
This series tracks the average number of hours worked per week by production and non-supervisory employees in the U.S. manufacturing industry. It provides insights into the intensity of labor utilization and can signal changes in manufacturing output and demand.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the health of the manufacturing sector and broader economic conditions.
Key Facts
- Manufacturing accounts for about 11% of U.S. GDP.
- Average weekly hours peaked at 42.1 in 1997.
- Manufacturing productivity has grown by over 150% since 1980.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the average number of hours worked per week by production and non-supervisory employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor utilization and productivity in the manufacturing industry, which is a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of the manufacturing sector and broader economic conditions, which can inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU16000001500000001A), retrieved from FRED.