Quarterly, Seasonally Adjusted
LFHUTTTTO1Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,935,000.00
Year-over-Year Change
-19.43%
Date Range
4/1/1998 - 7/1/2017
Summary
This economic trend measures the total number of hours worked per quarter by all employees in the U.S. It is a key indicator of labor market activity and overall economic 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 Quarterly, Seasonally Adjusted total hours worked series tracks the total number of hours worked by all employees in the United States on a quarterly basis. It is a widely used indicator of labor market health and overall economic output.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and analysts to assess the strength of the U.S. economy.
Key Facts
- The series began in 1948.
- Hours worked peaked in Q4 2019 at over 50 billion.
- The series saw a sharp decline in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked per quarter by all employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of labor market activity and overall economic productivity, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the strength of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHUTTTTO1Q647S), retrieved from FRED.