Average Weekly Hours of All Employees: Other Services in Alabama
SMU01000008000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.80
Year-over-Year Change
-4.64%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Other Services in Alabama metric tracks the average number of hours worked per week by employees in the other services sector in the state of Alabama. This metric provides insights into labor market conditions and economic activity in Alabama's service industries.
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: Other Services in Alabama data series measures the average number of hours worked per week by all employees in establishments classified under the 'Other Services' sector in the state of Alabama. This data helps economists and policymakers understand trends in labor utilization and productivity within Alabama's service-providing industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform economic policy decisions and analyze market conditions in Alabama's service sector.
Key Facts
- The 'Other Services' sector includes industries like repair and maintenance, personal and laundry services, and religious, civic, and professional organizations.
- Alabama's average weekly hours for other services employees have remained relatively stable over the past decade.
- Tracking changes in this metric can provide insights into the health and productivity of Alabama's service-providing businesses.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of All Employees: Other Services in Alabama metric measures the average number of hours worked per week by employees in establishments classified under the 'Other Services' sector in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and economic activity in Alabama's service industries, which can inform economic policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to monitor the health and productivity of Alabama's service-providing businesses, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Other Services in Alabama (SMU01000008000000002), retrieved from FRED.