Average Weekly Hours of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Missouri
SMU29000004142300007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.60
Year-over-Year Change
6.39%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the wholesale trade industry for durable goods merchants in Missouri. It provides insights into labor market conditions and economic activity in this sector.
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: Wholesale Trade: Merchant Wholesalers, Durable Goods in Missouri metric tracks the average number of hours worked per week by production workers in the wholesale trade industry for durable goods. This data point is a key indicator of labor market trends and production capacity within the state's wholesale durable goods sector.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to monitor economic conditions and labor market dynamics in Missouri's wholesale trade industry.
Key Facts
- Missouri's wholesale trade industry employs over 90,000 workers.
- Average weekly hours peaked at 43.4 in January 2019.
- Durable goods make up over 60% of wholesale trade revenue in Missouri.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the wholesale trade industry for durable goods merchants in Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and production capacity within Missouri's wholesale durable goods sector, which is an important indicator of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor labor market dynamics and economic conditions in Missouri's wholesale trade industry, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Missouri (SMU29000004142300007), retrieved from FRED.