Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Louisiana
Monthly, Seasonally Adjusted
SMU22000003100000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.26
Year-over-Year Change
9.87%
Date Range
1/1/2001 - 7/1/2025
Summary
The 'Monthly, Seasonally Adjusted' trend measures the average weekly hours worked in the private nonfarm sector in the United States. This data point is a key indicator of labor market conditions and economic activity.
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 worked metric represents the average number of hours per week that employees in the private nonfarm sector are working. This provides valuable insights into labor market dynamics and production capacity within the broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess labor market health and gauge the overall state of the economy.
Key Facts
- The average weekly hours worked has ranged from 33.6 to 34.6 since 2000.
- Declines in average weekly hours can signal economic slowdowns.
- This metric is a leading indicator of changes in employment and production.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Seasonally Adjusted' trend measures the average number of hours worked per week by employees in the private nonfarm sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor market dynamics and production capacity, making it a key indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess labor market health and gauge the overall state of the economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with minimal delays. However, the metric may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU22000003100000006SA), retrieved from FRED.