Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Indiana
SMU18000003100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.10
Year-over-Year Change
5.50%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the durable goods manufacturing sector in Indiana. It is a key indicator of labor market conditions and economic activity 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
The Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Indiana trend provides insight into labor utilization and productivity within a critical segment of Indiana's economy. It is closely monitored by economists, policymakers, and businesses to assess manufacturing sector performance.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform economic and employment policy decisions at the state level.
Key Facts
- Indiana is a major manufacturing hub, producing a wide range of durable goods.
- Durable goods manufacturing accounts for a significant portion of the state's economic output.
- Tracking labor hours can signal changes in production, overtime, and hiring in the sector.
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 in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours worked is a key indicator of labor market conditions and economic activity in Indiana's manufacturing sector, which is critical to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic and employment policy decisions at the state level, as it provides insights into production, hiring, and labor utilization in a key sector of Indiana's economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Indiana (SMU18000003100000007), retrieved from FRED.