Quarterly, Not Seasonally Adjusted
LFHUADFEG7Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,836,000.00
Year-over-Year Change
-16.47%
Date Range
1/1/2004 - 7/1/2017
Summary
This quarterly, not seasonally adjusted economic indicator measures the average number of hours worked per week by employed people in the United States. It provides insights into labor force utilization 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
The Average Weekly Hours indicator tracks the average number of hours worked per week by employees across all non-farm private sector industries. This metric is used by economists and policymakers to analyze labor market dynamics and assess the overall health of the economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample survey of businesses and government agencies.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The average weekly hours peaked at 34.6 in June 2022.
- Manufacturing workers averaged 40.5 hours per week in June 2022.
- Average weekly hours are a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by employed individuals in the United States, providing insights into labor utilization and productivity.
Q: Why is this trend relevant for users or analysts?
A: The average weekly hours metric is a key indicator of labor market conditions and overall economic health, informing policy decisions by the Federal Reserve and other institutions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly nationwide sample survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic institutions closely monitor this trend to inform monetary and fiscal policy decisions, as it provides insights into labor utilization and productivity.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of around one month.
Related Trends
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for G7
G7B6BLTT02STSAQ
Infra-Annual Labor Statistics: Unemployment Female: From 15 to 24 Years for G7
G7LFUN24FESTSAQ
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for G7
G7LFAC64TTSTSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 25 to 54 Years for G7
G7LFIN25MASTQ
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for G7
G7LFEAINTTSTQ
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for G7
G7LFUNTTMASTQ
Citation
U.S. Federal Reserve, Average Weekly Hours, Not Seasonally Adjusted (LFHUADFEG7Q647N), retrieved from FRED.