Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Alabama
SMU01000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.90
Year-over-Year Change
0.59%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private education and health services sector in Alabama. It provides insight into labor market conditions and workforce utilization in this key industry.
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 of All Employees: Education and Health Services: Private Education and Health Services in Alabama is a monthly economic indicator that tracks the average number of hours per week worked by employees in this sector. It is used by economists and policymakers to monitor labor market trends and assess the health of the state's education and healthcare industries.
Methodology
The data is collected through surveys of private sector employers in Alabama.
Historical Context
This trend is relevant for understanding workforce dynamics and productivity in a critical service sector that significantly impacts the state's economy.
Key Facts
- The data is published monthly by the U.S. Federal Reserve.
- The average weekly hours have ranged from 32.7 to 34.5 over the past 5 years.
- This sector accounts for over 15% of private employment in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by all employees in the private education and health services sector in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor market conditions and workforce utilization in a critical service sector that significantly impacts Alabama's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector employers in Alabama.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor labor market trends and assess the health of Alabama's education and healthcare industries.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Alabama (SMU01000006500000002), retrieved from FRED.