Average Weekly Hours of All Employees: Goods Producing in Utah
SMU49000000600000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.50
Year-over-Year Change
1.25%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the goods-producing sector in the state of Utah. It is a key indicator of labor market conditions and production output 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
The Average Weekly Hours of All Employees: Goods Producing in Utah trend provides insights into the utilization of the labor force within the state's manufacturing, construction, and mining industries. It is used by economists and policymakers to gauge the health and productivity of the goods-producing segment of Utah's economy.
Methodology
This data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform economic and workforce policies at the state level.
Key Facts
- Utah's goods-producing sector accounts for over 15% of total state employment.
- Average weekly hours peaked at 43.2 in January 2020 before declining during the COVID-19 pandemic.
- The trend has gradually recovered, reaching 42.5 hours as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the goods-producing industries of Utah, including manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours trend provides insight into the productivity and utilization of the labor force in Utah's core goods-producing sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours can inform workforce and economic development policies at the state level, as they indicate the level of labor utilization in key industries.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month, so the most recent figures may not reflect the current state of the labor market.
Related Trends
Chain-Type Quantity Index for Real GDP: Oil and Gas Extraction (211) in Utah
UTOILGASQGSP
Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Utah
UTFRSTFISHRGSP
90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Utah
PPCIUB0T4UT49000A156NCEN
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Utah
UTPCEPCGONPI
Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Utah
UTEDHLTHSOCASSQGSP
Utilities Wages and Salaries in Utah
UTWUTI
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Goods Producing in Utah (SMU49000000600000002), retrieved from FRED.