Monthly, Not Seasonally Adjusted
SMU72000005552200007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
6.54%
Date Range
1/1/2001 - 12/1/2013
Summary
This U.S. economic data series measures the average weekly hours worked in the Manufacturing sector on a monthly, not seasonally adjusted basis. It provides insights into labor market conditions and production trends in the manufacturing 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 Monthly, Not Seasonally Adjusted series tracks the average number of hours employees in the manufacturing sector work per week. This metric is a key indicator of productivity, capacity utilization, and labor market dynamics within the U.S. manufacturing industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and outlook of the manufacturing sector.
Key Facts
- The average manufacturing workweek is around 40 hours.
- Manufacturing accounts for about 11% of U.S. GDP.
- Manufacturing output has grown by over 25% since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average number of hours per week worked by employees in the U.S. manufacturing sector on a monthly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing workweek is a key indicator of productivity, capacity utilization, and labor market dynamics within the critical U.S. manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and outlook of the U.S. manufacturing sector, which is a major driver of economic growth and productivity.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight lag, and does not account for seasonal variations in the manufacturing workweek.
Similar SMU Trends
All Employees: Manufacturing: Durable Goods in Puerto Rico
SMU72000003100000001
All Employees: Manufacturing: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Puerto Rico
SMU72000003133500001SA
All Employees: Trade, Transportation, and Utilities in Puerto Rico
SMU72000004000000001
All Employees: Real Estate and Rental and Leasing in Puerto Rico
SMU72000005553000001A
All Employees: Educational Services in Puerto Rico
SMU72000006561000001A
All Employees: Accommodation in Puerto Rico
SMU72000007072100001A
Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SMU72000005552200007), retrieved from FRED.