Production or Nonsupervisory Employees: Construction in Utah
Monthly, Seasonally Adjusted
SMU49000002000000006SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.85
Year-over-Year Change
2.52%
Date Range
1/1/2002 - 7/1/2025
Summary
This economic trend measures monthly, seasonally adjusted average weekly hours worked in the manufacturing sector. It is a key indicator of labor market conditions and economic activity.
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, Seasonally Adjusted average weekly hours worked in manufacturing provides insights into the production capacity and labor utilization within the manufacturing industry. It is used by economists and policymakers to assess the health of the broader economy.
Methodology
The data is collected through employer surveys and adjusted for seasonal variations.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Average weekly hours in manufacturing peaked at 41.1 in 1997.
- This trend has declined from its pre-pandemic level of 40.5 hours.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked in the U.S. manufacturing sector on a monthly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production capacity and labor utilization within the manufacturing industry, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU49000002000000006SA), retrieved from FRED.