Average Weekly Hours of Production Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Missouri
SMU29000004142300007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.40
Year-over-Year Change
2.07%
Date Range
1/1/2001 - 1/1/2024
Summary
This 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 workforce productivity and labor market conditions in this key economic 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 metric tracks the number of hours worked per week by production workers in the wholesale trade industry, specifically for durable goods merchants located in the state of Missouri. This data point is used by economists and policymakers to assess labor market trends and industry productivity.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding economic activity and labor market dynamics in Missouri's wholesale trade sector.
Key Facts
- Missouri's wholesale trade industry employs over 100,000 workers.
- Durable goods account for over 60% of wholesale trade revenue in the state.
- Average weekly hours have remained stable around 40 hours in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the wholesale trade industry for durable goods merchants located in Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity and workforce trends within Missouri's wholesale trade sector, which is a key component of the state's economy.
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: Policymakers and economists use this data to assess labor market conditions and industry productivity in Missouri's wholesale trade sector, which can inform economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay 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 (SMU29000004142300007A), retrieved from FRED.