Monthly, Seasonally Adjusted
SMU72000006562000007SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.60
Year-over-Year Change
0.00%
Date Range
1/1/2001 - 12/1/2013
Summary
The Monthly, Seasonally Adjusted series measures average weekly hours worked in the Manufacturing sector in the United States. This metric is a key indicator of labor productivity 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 series tracks the average number of hours worked per week by manufacturing employees across the U.S. This data is widely used by economists and policymakers to gauge labor market conditions and production capacity.
Methodology
The data is collected through surveys of employers and calculated with seasonal adjustments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average manufacturing hours are closely monitored for insights into the health of the broader economy.
Key Facts
- The series has been tracked since 1939.
- Manufacturing accounts for about 11% of U.S. GDP.
- Average weekly hours peaked at 42.7 in 1997.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Seasonally Adjusted series tracks the average number of hours worked per week by employees in the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Changes in average manufacturing hours are an important indicator of labor productivity, economic activity, and the overall health of the manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated with seasonal adjustments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average manufacturing hours are closely monitored by economists and policymakers for insights into the broader economy and to inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks, and can be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU72000006562000007SA), retrieved from FRED.