All Employees: Construction: Construction of Buildings in Illinois
Monthly, Not Seasonally Adjusted
SMU17000002023600001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.90
Year-over-Year Change
1.89%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic indicator measures the monthly, not seasonally adjusted average weekly hours worked in the mining and logging industry in the United States. It provides insights into the labor activity and productivity in this key 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 monthly, not seasonally adjusted average weekly hours worked in the mining and logging industry is an important metric for understanding trends in labor utilization and output in this critical economic sector. Analysts and policymakers use this data to assess the health and direction of the mining and natural resource extraction industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform economic and industry policy decisions.
Key Facts
- The mining and logging industry accounts for approximately 0.5% of total U.S. employment.
- Average weekly hours in this sector have ranged from 44 to 48 hours over the past decade.
- The not seasonally adjusted data provides a raw view of labor trends without smoothing seasonal fluctuations.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average weekly hours worked per employee in the U.S. mining and logging industry on a monthly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor utilization and productivity in the mining and natural resource extraction sectors, which are important drivers of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the health and direction of the mining and logging sector, which informs economic and energy policy decisions.
Q: Are there update delays or limitations?
A: The not seasonally adjusted data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU17000002023600001), retrieved from FRED.