Annual
LRHU24FEO1A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.50
Year-over-Year Change
-5.30%
Date Range
1/1/2005 - 1/1/2016
Summary
The Annual trend measures the average number of hours worked per week by full-time employees in the United States. It is a key indicator of labor market conditions 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 Annual trend tracks the average number of hours worked per week by full-time wage and salary workers in the U.S. economy. This metric provides insights into labor market dynamics, work-life balance, and broader economic productivity trends.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor the Annual trend to assess employment conditions and gauge the intensity of work.
Key Facts
- The average work week for full-time U.S. employees is around 40 hours.
- Annual hours worked declined during the Great Recession but have since recovered.
- Longer work hours can indicate economic expansion, while shorter hours may signal a slowdown.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average number of hours worked per week by full-time employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insights into labor market dynamics, work-life balance, and broader economic productivity trends, making it a key indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Annual trend to assess employment conditions and gauge the intensity of work, which can inform decisions on labor policies and economic management.
Q: Are there update delays or limitations?
A: The Annual trend data is updated monthly and is considered a reliable and timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Annual (LRHU24FEO1A156S), retrieved from FRED.