Average Weekly Hours of All Employees: Financial Activities in Idaho
Annual
SMU16000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.50
Year-over-Year Change
5.04%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual trend measures the average annual growth rate of manufacturing production in the U.S. This key economic indicator provides insights into the health and performance of the manufacturing sector.
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 trend represents the year-over-year change in manufacturing production, a vital component of the U.S. economy. It is used by economists, policymakers, and analysts to gauge the strength and trajectory of the manufacturing industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Historical Context
Changes in the Annual trend can inform monetary and fiscal policy decisions, as well as business investment and production planning.
Key Facts
- The Annual trend reached a high of 8.1% in 2021.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The COVID-19 pandemic caused a sharp decline in the Annual trend in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in manufacturing production in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides important insights into the health and performance of the U.S. manufacturing sector, which is a key driver of economic growth and a major component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Changes in the Annual trend can inform monetary and fiscal policy decisions, as well as business investment and production planning.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a short delay, and may be subject to revisions as more information becomes available.
Related Trends
Real Per Capita Personal Income for Idaho
IDRPIPC
State Government Tax Collections, Total Income Taxes in Idaho
IDTLINCTAX
All Employees: Transportation and Warehousing in Idaho
SMU16000004340008901A
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Idaho
IDFININSREALRGSP
Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Idaho
IDAGRRQGSP
All Employees: Mining and Logging in Idaho
IDNRMN
Citation
U.S. Federal Reserve, Annual (SMU16000005500000002A), retrieved from FRED.