Production or Nonsupervisory Employees: Manufacturing in Missouri
Annual
SMU29000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.50
Year-over-Year Change
3.96%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the average number of hours worked per week by all employees in the nonfarm business sector. It provides insights into labor productivity and utilization within the U.S. economy.
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 trend is a key economic indicator that reflects the average number of hours worked per week by employees in the nonfarm business sector. It is used by economists and policymakers to analyze labor market dynamics, worker productivity, and the overall health of the economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions and market analysis.
Key Facts
- The Annual trend has remained relatively stable over the past decade.
- Average weekly hours worked peaked in the early 2000s and have declined since then.
- Changes in the Annual trend can signal shifts in labor market conditions and business cycle patterns.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of hours worked per week by all employees in the nonfarm business sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insights into labor productivity and utilization, which are important factors for understanding the overall health and performance of the U.S. economy.
Q: How is this data collected or calculated?
A: The data for the Annual trend is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a regular schedule, with some minor delays in publication, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual (SMU29000003000000006A), retrieved from FRED.