All Employees: Construction: Building Equipment Contractors in Minnesota
Monthly, Seasonally Adjusted
SMU27000002023820001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.33
Year-over-Year Change
-1.22%
Date Range
1/1/1990 - 7/1/2025
Summary
The Monthly, Seasonally Adjusted series measures the average weekly hours worked per employee in the Manufacturing sector of the U.S. economy. This metric 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 series provides insight into production levels, labor utilization, and broader economic trends. Economists and policymakers analyze this data to assess the health of the manufacturing industry and the overall strength of the economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform monetary and fiscal policy decisions.
Key Facts
- The average manufacturing employee works around 40 hours per week.
- Average weekly hours tend to increase during economic expansions.
- Declines in average hours can signal weakening demand or production slowdowns.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours series measures the mean number of hours worked per week by employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into production levels, labor utilization, and broader economic conditions within the manufacturing industry.
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: Trends in average weekly hours can inform monetary and fiscal policy decisions made by economists and policymakers.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours: Manufacturing, Seasonally Adjusted (SMU27000002023820001SA), retrieved from FRED.