Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Alabama
SMU01000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.40
Year-over-Year Change
1.52%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Alabama measures the average number of hours worked per week by employees in the trade, transportation, and utilities industries in the state.
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 economic indicator provides insight into the labor market and economic activity in Alabama's trade, transportation, and utilities sectors. It is used by economists and policymakers to assess trends in employment, productivity, and industry performance.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding the health of Alabama's economy and informing economic policy decisions.
Key Facts
- The average weekly hours in Alabama's trade, transportation, and utilities sectors have remained relatively stable over the past decade.
- These industries account for a significant portion of Alabama's total employment and economic output.
- Fluctuations in average weekly hours can indicate changes in demand, productivity, or labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the trade, transportation, and utilities industries in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market and economic activity in Alabama's key industries, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the overall health of Alabama's economy and inform decisions related to economic development, employment, and industry support.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Alabama (SMU01000004000000002), retrieved from FRED.