Average Hourly Earnings of All Employees: Manufacturing in Missouri
Monthly
SMU29000003000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.80
Year-over-Year Change
5.88%
Date Range
1/1/2007 - 7/1/2025
Summary
The Monthly Trend measures the average number of hours worked per week by production and nonsupervisory employees in the private sector. It provides insights into labor market conditions and economic activity.
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 Monthly Trend, also known as Average Weekly Hours of Production and Nonsupervisory Employees, is a key economic indicator that tracks the average number of hours worked per week by non-managerial employees across various private industries. This metric offers valuable insights into the strength and utilization of the labor force.
Methodology
The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the overall health of the economy and inform decisions around monetary and fiscal policy.
Key Facts
- The average weekly hours have remained relatively stable around 34.5 since the early 2000s.
- Longer average weekly hours can signal increased demand and economic expansion.
- Shorter average weekly hours may indicate weakening labor market conditions.
FAQs
Q: What does this economic trend measure?
A: The Monthly Trend measures the average number of hours worked per week by production and nonsupervisory employees in the private sector.
Q: Why is this trend relevant for users or analysts?
A: This trend offers insights into the strength and utilization of the labor force, which is a key indicator of overall economic activity and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the overall health of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Monthly Trend data is published on a regular basis with minimal delays, providing timely insights into the labor market.
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Citation
U.S. Federal Reserve, Monthly (SMU29000003000000003), retrieved from FRED.