Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for G7
Not Seasonally Adjusted
G7LFWATTTTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
651,555,100.00
Year-over-Year Change
2.49%
Date Range
4/1/2003 - 1/1/2025
Summary
The Not Seasonally Adjusted series measures the average weekly hours worked in the private nonfarm sector of the U.S. economy. This trend provides important insights into labor market dynamics and productivity.
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 Not Seasonally Adjusted series reports the average weekly hours worked per employee in the private nonfarm sector. It is a key indicator of economic activity and labor market strength, widely used by economists and policymakers to assess employment and output trends.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of U.S. businesses.
Historical Context
This series is closely watched by the Federal Reserve and other economic analysts to inform monetary and fiscal policy decisions.
Key Facts
- The series dates back to 1939.
- Average weekly hours reached a low of 33.1 in April 2020 during the COVID-19 pandemic.
- Weekly hours typically range between 33-35 hours in the U.S. private sector.
FAQs
Q: What does this economic trend measure?
A: The Not Seasonally Adjusted series measures the average weekly hours worked per employee in the private nonfarm sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This series provides valuable insights into labor market dynamics and productivity, which are crucial indicators of economic health and performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of U.S. businesses.
Q: How is this trend used in economic policy?
A: The Not Seasonally Adjusted series is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, making it a timely indicator of labor market conditions.
Related Trends
Balance of Payments: Secondary Income: Balance (Revenue Minus Expenditure) for G7
G7B6BLSI01CXCUQ
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for G7
G7LFUN64MASTQ
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for G7
G7LFEACNTTSTSAQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for G7
G7LREM24TTSTQ
Infra-Annual Labor Statistics: Unemployment Female: 15 Years or over for G7
G7LFUNTTFESTSAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for G7
G7CPGREN01GYQ
Citation
U.S. Federal Reserve, Not Seasonally Adjusted (G7LFWATTTTSTQ), retrieved from FRED.