Average Weekly Hours of Production Employees: Wholesale Trade in Illinois
SMU17000004100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.40
Year-over-Year Change
0.52%
Date Range
1/1/2001 - 7/1/2025
Summary
The Average Weekly Hours of Production Employees: Wholesale Trade in Illinois measures the average number of hours worked per week by production employees in the wholesale trade industry in Illinois. This trend is an important indicator of economic activity and labor market conditions in the state.
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 weekly hours for production employees in the wholesale trade sector in Illinois. It provides insights into the utilization of labor and potential changes in output within this critical industry. Economists and policymakers monitor this data to assess business cycle fluctuations and labor market dynamics.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform decisions around monetary and fiscal policy, as well as business investment and hiring strategies.
Key Facts
- The average weekly hours for production employees in Illinois wholesale trade has ranged from 39.6 to 43.3 hours since 2007.
- Wholesale trade accounts for around 5% of total employment in Illinois.
- Changes in average weekly hours can signal shifts in business activity and labor demand.
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 wholesale trade industry in Illinois.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours for wholesale trade workers provide insight into labor utilization and production activity, which are important indicators of economic conditions in Illinois.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in average weekly hours can inform decisions around monetary and fiscal policy, as well as business investment and hiring strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Wholesale Trade in Illinois (SMU17000004100000007), retrieved from FRED.