Average Weekly Hours of All Employees: Goods Producing in Indiana
SMU18000000600000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.00
Year-over-Year Change
4.99%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the goods-producing sector in the state of Indiana. It provides insight into the utilization of labor in manufacturing, mining, and construction industries within 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
The Average Weekly Hours of All Employees: Goods Producing in Indiana is a key indicator of economic activity and labor market conditions in the state's industrial sector. It is used by policymakers, analysts, and businesses to gauge the strength and direction of Indiana's goods-producing industries.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is often used to inform economic and labor market policies at the state level.
Key Facts
- Indiana is a major industrial state, contributing significantly to U.S. goods production.
- Average weekly hours in Indiana's goods-producing sector have trended higher since the Great Recession.
- Fluctuations in this metric can signal changes in labor demand and economic conditions within the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in Indiana's goods-producing industries, including manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the utilization of labor and the overall strength of Indiana's industrial sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Indiana's industrial base and inform decisions related to economic development, workforce, and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Goods Producing in Indiana (SMU18000000600000002), retrieved from FRED.