Average Weekly Hours of Production Employees: Wholesale Trade in Missouri
SMU29000004100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.60
Year-over-Year Change
5.71%
Date Range
1/1/2001 - 6/1/2025
Summary
The 'Average Weekly Hours of Production Employees: Wholesale Trade in Missouri' tracks the average weekly hours worked by production employees in the wholesale trade industry in Missouri. This metric provides insight into labor market conditions and economic 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
This economic indicator measures the average number of weekly hours worked by production employees in the wholesale trade sector in Missouri. It serves as a gauge of labor utilization and productivity trends within the state's wholesale trade industry.
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 assess the health of Missouri's wholesale trade sector and broader economic conditions.
Key Facts
- Missouri's wholesale trade sector accounts for a significant portion of the state's economy.
- Fluctuations in average weekly hours can signal changes in demand and production levels.
- This metric is a leading indicator of broader economic trends in Missouri.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly hours worked by production employees in Missouri's wholesale trade industry.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into labor market conditions and economic activity within the state's wholesale trade sector, which is an important component of Missouri's economy.
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 assess the health of Missouri's wholesale trade sector and broader economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Wholesale Trade in Missouri (SMU29000004100000007), retrieved from FRED.