Average Weekly Hours of All Employees: Goods Producing in Missouri
SMU29000000600000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.10
Year-over-Year Change
-2.81%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Goods Producing in Missouri' trend measures the average number of hours worked per week by all employees in the goods-producing sector in the state of Missouri. This metric is a key indicator of economic activity and labor market conditions.
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 series tracks the average weekly hours worked by employees in Missouri's goods-producing industries, which includes manufacturing, construction, mining, and agriculture. It provides insight into the state's production capacity, labor demand, and overall economic health.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and businesses to gauge the strength of Missouri's industrial sector and guide economic decisions.
Key Facts
- Missouri's goods-producing sector accounts for over 20% of the state's total employment.
- Average weekly hours have fluctuated between 40-44 hours over the past decade.
- Trends in this metric often precede changes in overall economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Average Weekly Hours of All Employees: Goods Producing in Missouri' trend measures the average number of hours worked per week by employees in Missouri's goods-producing industries, including manufacturing, construction, mining, and agriculture.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and productivity of Missouri's industrial sector, which is a key driver of the state's economy. It is closely monitored by policymakers, economists, and businesses to gauge economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours in Missouri's goods-producing sector are used by policymakers, economists, and businesses to assess the state's economic health, labor market conditions, and production capacity, which informs policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so there may be a delay in accessing the most recent information. The series may also be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Goods Producing in Missouri (SMU29000000600000002), retrieved from FRED.