Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Minnesota
SMU27000003200000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.10
Year-over-Year Change
-0.78%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the non-durable goods manufacturing industry in Minnesota. It provides insights into labor market dynamics and production capacity in the state's 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 Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Minnesota is an important economic indicator that tracks the average number of hours worked per week by production staff in the non-durable goods manufacturing industry across the state. This data point is used by economists and policymakers to assess labor market conditions, production capacity, and broader trends in the manufacturing industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, industry analysts, and policymakers to better understand the health and productivity of Minnesota's non-durable goods manufacturing sector.
Key Facts
- Minnesota's non-durable goods manufacturing sector employs over 150,000 workers.
- The average weekly hours for production employees in this industry has remained stable at around 40 hours.
- This trend is a leading indicator of production capacity and labor market conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the non-durable goods manufacturing industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and production capacity in Minnesota's manufacturing sector, which is crucial for economists and policymakers to assess the health and productivity of this industry.
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 closely monitored by economists, industry analysts, and policymakers to better understand the health and productivity of Minnesota's non-durable goods manufacturing sector, which is an important driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, making it a timely indicator of labor market conditions in Minnesota's manufacturing industry.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Minnesota (SMU27000003200000007), retrieved from FRED.