Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Oregon
SMU41000003200000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.50
Year-over-Year Change
7.34%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend tracks the average weekly hours worked by production employees in the non-durable goods manufacturing sector in Oregon. It provides insights into labor utilization and productivity in this key 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
The average weekly hours metric reflects the intensity of manufacturing activity and is an important indicator of economic health. Analysts use this data to assess the state of the manufacturing industry and broader economic conditions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to inform decisions around employment, production, and investment.
Key Facts
- The average weekly hours in Oregon's non-durable goods manufacturing sector was 41.4 in January 2023.
- This metric has remained relatively stable over the past year, indicating steady production levels.
- The U.S. average weekly hours in non-durable goods manufacturing was 40.7 in January 2023.
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 Oregon. It provides insights into labor utilization and productivity in this industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and businesses as an indicator of the state of the manufacturing industry and broader economic conditions in Oregon.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this data to inform decisions around employment, production, and investment in the manufacturing sector and the broader economy.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and the series may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Oregon (SMU41000003200000007), retrieved from FRED.