Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in North Dakota
Monthly
SMU38000003200000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.02
Year-over-Year Change
1.52%
Date Range
1/1/2001 - 7/1/2025
Summary
The Monthly trend measures the average number of hours worked per week by employees on nonfarm payrolls in the United States. It is a key indicator of the health and utilization of the labor market.
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 Monthly trend tracks the average weekly hours worked by private sector employees on nonfarm payrolls. It provides insight into the intensity of labor utilization and can signal changes in the broader economy.
Methodology
The data is collected through surveys of private establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of the labor market and overall economic conditions.
Key Facts
- The average weekly hours worked peaked at 34.6 in June 2000.
- Weekly hours fell sharply during the Great Recession, reaching a low of 33.7 in June 2009.
- As of the latest data, the average weekly hours is 34.4.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the average number of hours worked per week by employees on nonfarm payrolls in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the intensity of labor utilization and can signal changes in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The Monthly trend data is published monthly with a short delay by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Monthly (SMU38000003200000008), retrieved from FRED.