Average Weekly Hours of Production Employees: Construction in Indiana
SMU18000002000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.90
Year-over-Year Change
-2.44%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic indicator tracks the average weekly hours worked by production employees in the construction industry in Indiana. It provides insights into the labor dynamics and productivity within the state's construction 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: Construction in Indiana is a key metric that gauges the workload and activity level of the construction industry in the state. It is used by economists, policymakers, and industry analysts to assess economic conditions and make informed decisions.
Methodology
The data is collected through surveys of construction employers in Indiana and calculated as a monthly average.
Historical Context
This trend is closely monitored by construction firms, industry associations, and state government agencies to understand workforce utilization and support policy decisions.
Key Facts
- Indiana's construction industry employs over 150,000 workers.
- Average weekly hours peaked at 43.1 in June 2022.
- Construction is a key driver of Indiana's economic growth.
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 construction industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor dynamics and productivity within Indiana's construction sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction employers in Indiana and calculated as a monthly average.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by construction firms, industry associations, and state government agencies to understand workforce utilization and support policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Construction in Indiana (SMU18000002000000007), retrieved from FRED.