All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Louisiana
Monthly, Not Seasonally Adjusted
SMU22000004244400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.70
Year-over-Year Change
-1.50%
Date Range
1/1/2003 - 7/1/2025
Summary
This series measures the monthly, not seasonally adjusted average weekly hours worked in the manufacturing industry in the United States. It provides important insights into the production capacity and labor market trends within the manufacturing 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 monthly, not seasonally adjusted average weekly hours worked in manufacturing is a key economic indicator that reflects the current state and utilization of the manufacturing workforce. It is widely used by economists, policymakers, and industry analysts to assess the health and momentum of the manufacturing industry.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policies.
Key Facts
- The average weekly hours worked in U.S. manufacturing peaked at 41.7 in June 2000.
- Manufacturing accounts for approximately 11% of total U.S. employment.
- The COVID-19 pandemic caused a sharp decline in manufacturing hours in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, not seasonally adjusted average weekly hours worked in the manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the production capacity and labor market trends within the manufacturing sector, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of approximately one month.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU22000004244400001), retrieved from FRED.