Average Weekly Earnings of All Employees: Goods Producing in Minnesota
Monthly
SMU27000000600000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,581.62
Year-over-Year Change
6.96%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average weekly hours worked per employee in the private sector in the United States. It 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 Monthly Average Weekly Hours indicator provides insights into the intensity of labor utilization, which is an important factor in assessing the overall health of the economy. It is closely monitored by economists, policymakers, and market analysts.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to gauge the strength of the labor market and can inform economic and monetary policy decisions.
Key Facts
- The average weekly hours worked per employee in the private sector in the U.S. was 34.5 hours in 2022.
- This metric reached a low of 34.2 hours during the COVID-19 pandemic in 2020.
- Historically, the average weekly hours has ranged between 33 and 35 hours since the 1960s.
FAQs
Q: What does this economic trend measure?
A: The Monthly Average Weekly Hours indicator measures the average number of hours worked per week by employees in the private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and can provide insights into the overall health of the economy. It is closely monitored by economists, policymakers, 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: This metric is used to gauge the strength of the labor market and can inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Monthly Average Weekly Hours data is released on a monthly basis with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Monthly Average Weekly Hours (SMU27000000600000011), retrieved from FRED.