Average Weekly Hours of All Employees: Construction in Alabama
SMU01000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.60
Year-over-Year Change
5.06%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Hours of All Employees: Construction in Alabama measures the average number of hours worked per week by construction workers in the state. This metric provides insights into the activity and productivity of the construction industry, which is a key driver of economic growth and development.
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 series tracks the average weekly hours for all employees in the construction industry in Alabama. It is an important indicator of the strength and utilization of the construction workforce, which can inform economic forecasts, infrastructure investment decisions, and labor market analyses.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of the construction sector and its contribution to the broader state economy.
Key Facts
- Alabama's construction industry employs over 100,000 workers.
- The average weekly hours for construction workers in Alabama have remained relatively stable over the past decade.
- Construction is a significant contributor to Alabama's GDP, accounting for over 4% of the state's economic output.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of All Employees: Construction in Alabama measures the average number of hours worked per week by construction workers in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the activity and productivity of the construction industry, which is a key driver of economic growth and development in Alabama.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the construction sector and its contribution to the broader state economy, which can inform infrastructure investment decisions and labor market analyses.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Construction in Alabama (SMU01000002000000002), retrieved from FRED.