Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Czechia
Quarterly, Seasonally Adjusted
LFEAICTTCZQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,837,182.00
Year-over-Year Change
-3.37%
Date Range
1/1/1998 - 10/1/2024
Summary
The Quarterly, Seasonally Adjusted series measures the average weekly hours worked by employees in the total private sector in the United States. 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
This data series tracks the average number of hours worked per week by private sector employees on a quarterly, seasonally adjusted basis. It provides insights into the intensity of labor utilization and is widely used by economists and policymakers to assess the health of the U.S. economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
Policymakers and analysts monitor this trend to gauge the strength of the labor market and overall economic conditions.
Key Facts
- The current average weekly hours worked in the private sector is [latest value].
- This trend has increased/decreased by [X%] over the past year.
- The all-time high for this series was [X] hours in [year].
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the average weekly hours worked by employees in the total private sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the intensity of labor utilization and is widely used by economists and policymakers to assess the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFEAICTTCZQ647S), retrieved from FRED.