All Employees: Manufacturing in Missouri
Annual, Not Seasonally Adjusted
SMU29000003000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
284.20
Year-over-Year Change
12.64%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average weekly hours worked in private nonfarm establishments in the U.S. It provides insights into labor market dynamics and workforce productivity.
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 annual, not seasonally adjusted average weekly hours trend represents the total number of hours worked per week by private sector employees, without adjusting for seasonal variations. This metric is used by economists and policymakers to analyze labor market trends and overall economic activity.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of private nonfarm businesses and organizations.
Historical Context
This trend is relevant for understanding labor market conditions and informing economic policy decisions.
Key Facts
- The U.S. annual, not seasonally adjusted average weekly hours peaked at 34.6 in 2020.
- This trend has averaged around 34.4 hours per week over the past decade.
- Annual hours data is used to calculate labor productivity measures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average weekly hours worked in private nonfarm establishments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and workforce productivity, which are important indicators for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of private nonfarm businesses and organizations.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding labor market conditions and informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU29000003000000001A), retrieved from FRED.