Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in North Carolina
SMU37000003100000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.60
Year-over-Year Change
3.05%
Date Range
1/1/2001 - 7/1/2025
Summary
The 'Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in North Carolina' is a key economic indicator that measures the average number of hours worked per week by production employees in the durable goods manufacturing sector in North Carolina. This metric provides insight into labor utilization and productivity trends in the state's manufacturing industry.
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 represents the average number of hours worked per week by production employees in the durable goods manufacturing sector within the state of North Carolina. It is a useful indicator of labor market conditions and can inform policy decisions related to employment, wages, and economic growth.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to assess the health and performance of North Carolina's manufacturing sector.
Key Facts
- The average weekly hours in North Carolina's durable goods manufacturing sector peaked at 43.5 hours in 2000.
- Since the Great Recession, average weekly hours have remained relatively stable, fluctuating between 40-41 hours.
- North Carolina's durable goods manufacturing sector accounts for over 25% of the state's total manufacturing employment.
FAQs
Q: What does this economic trend measure?
A: This data series measures the average number of hours worked per week by production employees in the durable goods manufacturing sector within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor utilization and productivity trends in North Carolina's manufacturing industry, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by economists, policymakers, and industry analysts to assess the health and performance of North Carolina's manufacturing sector, which informs decisions related to employment, wages, and economic growth.
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: Manufacturing: Durable Goods in North Carolina (SMU37000003100000007), retrieved from FRED.