Average Weekly Hours of Production Employees: Retail Trade: Food and Beverage Retailers in Illinois
SMU17000004244500007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
-7.85%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic indicator measures the average weekly hours worked by production employees in the retail trade industry for food and beverage retailers in Illinois. It provides insights into labor market trends and consumer demand within this specific 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 Average Weekly Hours of Production Employees: Retail Trade: Food and Beverage Retailers in Illinois metric tracks the average number of hours worked per week by production staff in the retail food and beverage industry across the state. This data point is used by economists and policymakers to assess labor market conditions and consumer spending patterns within the Illinois retail sector.
Methodology
The data is collected through surveys of businesses in the retail trade industry.
Historical Context
Trends in this indicator can inform decisions around economic and labor policies affecting the Illinois retail food and beverage market.
Key Facts
- Illinois accounts for over 4% of U.S. retail food and beverage sales.
- Production employee hours peaked in 2019 before declining during the COVID-19 pandemic.
- Weekly hours worked have gradually recovered to near pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by production employees in the retail food and beverage industry across Illinois.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric provide insights into labor market conditions and consumer demand within the Illinois retail food and beverage sector, which is important for economic policymaking and business planning.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the retail trade industry.
Q: How is this trend used in economic policy?
A: Trends in this indicator can inform decisions around economic and labor policies affecting the Illinois retail food and beverage market.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis, with a typical 1-2 month delay.
Similar SMU Trends
Chain-Type Quantity Index for Real GDP: Farms (111-112) in Illinois
ILFARMQGSP
Average Weekly Hours of All Employees: Professional and Business Services in Illinois
SMU17000006000000002A
All Employees: Mining, Logging, and Construction in Illinois
SMU17000001500000001A
Average Hourly Earnings of All Employees: Leisure and Hospitality in Illinois
SMU17000007000000003
Real Gross Domestic Product: Military in Illinois
ILGOVFEDMILRGSP
Real Gross Domestic Product: Primary Metal Manufacturing (331) in Illinois
ILPRIMETMANRGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Retail Trade: Food and Beverage Retailers in Illinois (SMU17000004244500007), retrieved from FRED.