Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in North Carolina
SMU37000003200000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.30
Year-over-Year Change
-2.00%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by production employees in the non-durable goods manufacturing sector in North Carolina. It provides insights into the state's manufacturing activity and labor market dynamics.
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: Manufacturing: Non-Durable Goods in North Carolina series is a key indicator of manufacturing output and labor utilization in the state. It tracks the average number of hours worked per week by production workers in the non-durable goods manufacturing industry, such as textiles, chemicals, and food processing.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to assess the health of North Carolina's manufacturing sector and labor market.
Key Facts
- North Carolina is a major manufacturing hub, contributing over $100 billion to the state's GDP.
- The non-durable goods sector accounts for about 40% of the state's total manufacturing output.
- Manufacturing employs over 475,000 workers in North Carolina, making it a key driver of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the non-durable goods manufacturing sector in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity 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 surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and businesses to assess the state of North Carolina's manufacturing sector and labor market, which informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in North Carolina (SMU37000003200000007), retrieved from FRED.