Average Weekly Hours of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Illinois
SMU17000003133200007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.90
Year-over-Year Change
-1.24%
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, specifically in the fabricated metal product industry in Illinois. It provides insights into labor market conditions and production levels in this important manufacturing subsector.
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 trend for durable goods manufacturing in Illinois is a key indicator of labor market dynamics and production capacity in this industry. It is used by economists and policymakers to assess the health of the state's manufacturing sector and broader economic conditions.
Methodology
This data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can help inform decisions around economic and industrial policies.
Key Facts
- Illinois is a major hub for fabricated metal product manufacturing.
- Durable goods manufacturing accounts for a significant share of the state's economy.
- Average weekly hours can indicate changes in production and labor demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the durable goods manufacturing sector, specifically in the fabricated metal product industry located in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and production levels in an important manufacturing subsector, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend can help inform decisions around economic and industrial policies, as it reflects the health of the state's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with typical release delays of a few weeks.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods: Fabricated Metal Product Manufacturing in Illinois (SMU17000003133200007), retrieved from FRED.