Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Minnesota
SMU27000003100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.60
Year-over-Year Change
1.31%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend tracks the average weekly hours worked by production employees in the durable goods manufacturing sector in Minnesota. It serves as an important indicator of labor market conditions and industrial activity in the state.
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 of Production Employees: Manufacturing: Durable Goods in Minnesota series provides insights into the utilization of the manufacturing workforce in the state. It is used by economists and policymakers to assess the health and productivity of Minnesota's durable goods industries.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator helps inform decisions around economic and workforce policies in Minnesota.
Key Facts
- Minnesota is a major manufacturing hub in the U.S.
- Durable goods account for a significant portion of the state's industrial output.
- Tracking production worker hours provides insights into broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average weekly hours worked by production employees in the durable goods manufacturing sector in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: It serves as an important indicator of labor market conditions and industrial activity in the state, which is useful for 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 indicator helps inform decisions around economic and workforce policies in Minnesota.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Minnesota (SMU27000003100000007), retrieved from FRED.