Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Massachusetts
SMU25000003100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.20
Year-over-Year Change
9.54%
Date Range
1/1/2001 - 6/1/2025
Summary
The 'Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Massachusetts' trend measures the average number of hours worked per week by production employees in the durable goods manufacturing sector in Massachusetts.
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
This economic indicator provides insights into labor utilization and productivity in the state's durable goods manufacturing industry. It is closely watched by economists and policymakers to assess the health and outlook of the manufacturing sector.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic climate and business cycles in Massachusetts.
Key Facts
- Massachusetts is a leading state for durable goods manufacturing.
- Weekly hours can signal changes in demand and production.
- The trend has shown gradual declines over the past decade.
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 durable goods manufacturing sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor utilization and productivity in the state's manufacturing industry, which is closely watched by economists and policymakers.
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 trend is relevant for understanding the economic climate and business cycles in Massachusetts, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Massachusetts (SMU25000003100000007), retrieved from FRED.