Average Weekly Hours of All Employees: Leisure and Hospitality in Alabama
SMU01000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.70
Year-over-Year Change
-2.37%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic indicator tracks the average weekly hours worked by all employees in the leisure and hospitality sector in Alabama. It provides insight into labor market trends and consumer demand 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: Leisure and Hospitality in Alabama metric represents the average number of hours per week worked by employees in Alabama's leisure and hospitality sector. This data point is used by economists and policymakers to analyze workforce and consumer activity in the state's tourism, entertainment, and service industries.
Methodology
The data is collected through surveys of businesses and establishments across Alabama.
Historical Context
Trends in average weekly hours can inform decisions around labor, consumer, and economic policies.
Key Facts
- Alabama's leisure and hospitality sector employs over 300,000 workers.
- Average weekly hours peaked at 27.4 in July 2022.
- Weekly hours declined during the COVID-19 pandemic but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by all employees in Alabama's leisure and hospitality industry, including hotels, restaurants, entertainment venues, and related service providers.
Q: Why is this trend relevant for users or analysts?
A: Monitoring average weekly hours in this sector provides insights into labor market conditions, consumer demand, and overall economic activity in Alabama's tourism and service-based industries.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and establishments across Alabama by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze changes in average weekly hours to inform decisions around employment, consumer spending, and economic development policies, particularly for Alabama's leisure and hospitality sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month. There may be revisions to previously reported figures as new information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Alabama (SMU01000007000000002), retrieved from FRED.