Average Weekly Hours of Production Employees: Construction: Specialty Trade Contractors in Missouri
SMU29000002023800007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.80
Year-over-Year Change
5.59%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in specialty trade contracting in Missouri. It provides insight into labor utilization and construction industry 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: Construction: Specialty Trade Contractors in Missouri data series tracks the average number of hours per week worked by production workers in this construction industry subsector within the state. This metric offers a window into the level of labor demand and productivity in Missouri's specialty trade contracting businesses.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to monitor the health of Missouri's construction industry and make informed decisions.
Key Facts
- Data available monthly since 1990.
- 2022 average was 39.7 hours per week.
- Reached a high of 41.2 hours in 2018.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average number of hours per week worked by production employees in the specialty trade contracting sector of Missouri's construction industry.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours metric provides insight into labor utilization and productivity in Missouri's construction specialty trade businesses, which is valuable for policymakers and industry analysts.
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: Policymakers and analysts use this metric to monitor the health of Missouri's construction industry and inform decisions related to economic and infrastructure policy.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays, providing timely information on this construction industry indicator.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Construction: Specialty Trade Contractors in Missouri (SMU29000002023800007), retrieved from FRED.