Average Weekly Hours of Production Employees: Manufacturing in North Carolina
SMU37000003000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.00
Year-over-Year Change
-0.74%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Hours of Production Employees: Manufacturing in North Carolina metric tracks the average number of hours worked per week by manufacturing production workers 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 data series provides insight into the labor utilization and productivity of North Carolina's manufacturing sector. It is a key indicator of the health and output of the state's industrial economy.
Methodology
The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and industry analysts to monitor North Carolina's manufacturing activity and economic conditions.
Key Facts
- North Carolina is a major manufacturing hub in the Southeastern U.S.
- Manufacturing accounts for over 12% of the state's GDP.
- Durable goods manufacturing is a key driver of the state's industrial output.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by production employees in North Carolina's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the productivity and utilization of the state's manufacturing labor force, which is a key indicator of the health and output of North Carolina's industrial economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, policymakers, and industry analysts to assess the performance and outlook of North Carolina's manufacturing sector, which is crucial for the state's overall economic growth and employment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in North Carolina (SMU37000003000000007), retrieved from FRED.