Average Weekly Hours of All Employees: Manufacturing in North Carolina
SMU37000003000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.10
Year-over-Year Change
-2.20%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Manufacturing in North Carolina' trend measures the average number of hours worked per week by manufacturing employees in the state of North Carolina. This data provides insights into labor market conditions and production capacity in the state's manufacturing 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
This economic indicator tracks the average weekly hours worked by all employees in the manufacturing industry within North Carolina. It offers a window into the health and productivity of the state's manufacturing operations, which is a critical component of the broader economy.
Methodology
The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess manufacturing activity and make informed decisions about economic and employment policies.
Key Facts
- Manufacturing accounts for over 10% of North Carolina's GDP.
- Average weekly hours in North Carolina manufacturing have remained above the national average in recent years.
- The trend has shown moderate volatility, reflecting the cyclical nature of the state's manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the manufacturing industry within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and productivity of North Carolina's manufacturing sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess manufacturing activity and make informed decisions about economic and employment policies.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Manufacturing in North Carolina (SMU37000003000000002), retrieved from FRED.