Monthly, Seasonally Adjusted
SMU72000003133530001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 12/1/2013
Summary
The Monthly, Seasonally Adjusted series measures the average weekly hours worked by manufacturing production employees in Colorado. This economic indicator provides insights into labor market conditions and productivity trends.
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
This series tracks the average weekly hours worked by manufacturing production workers in the state of Colorado. It is a key metric used by economists and policymakers to assess the health of the manufacturing sector and broader economic activity.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The average weekly hours trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- Colorado manufacturing production workers averaged 41.2 hours per week in 2022.
- The series has shown steady growth since the 2008-2009 recession.
- Seasonally adjusted data accounts for regular fluctuations in work hours.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series tracks the average weekly hours worked by manufacturing production employees in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and productivity trends in the manufacturing sector, which is a key driver of economic activity.
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: The average weekly hours trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000003133530001SA), retrieved from FRED.