Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arizona
SMU04000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.90
Year-over-Year Change
1.99%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arizona' trend measures the average number of hours worked per week by employees in the trade, transportation, and utilities industries in the state of Arizona. This metric is a key indicator of economic activity and labor market conditions.
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 data series tracks the average number of hours worked per week by all employees in the trade, transportation, and utilities sectors in Arizona. It provides insights into the productivity and utilization of the labor force in these key economic industries within the state.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this metric to assess the health of Arizona's economy and make informed decisions.
Key Facts
- The average weekly hours in Arizona's trade, transportation, and utilities sector have ranged from 36.6 to 40.2 hours over the past decade.
- This metric reached its lowest point during the 2008-2009 recession, indicating reduced economic activity and labor demand.
- Since 2010, the average weekly hours have generally trended upward, reflecting the state's economic recovery.
FAQs
Q: What does this economic trend measure?
A: The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arizona' trend measures the average number of hours worked per week by employees in these key economic sectors within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and utilization of the labor force in Arizona's trade, transportation, and utilities industries, which are critical to the state's economic performance.
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: Economists and policymakers monitor this metric to assess the health of Arizona's economy and make informed decisions regarding economic policy and labor market interventions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a short delay between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arizona (SMU04000004000000002), retrieved from FRED.