Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arizona
SMU04000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.10
Year-over-Year Change
-2.50%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arizona measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in the state of Arizona.
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 level of economic activity and labor demand in Arizona's trade, transportation, and utilities industries. It is used by economists, policymakers, and businesses to assess current conditions and forecast future trends in the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform decisions around hiring, investment, and economic policy.
Key Facts
- The average weekly hours in Arizona's trade, transportation, and utilities sector have ranged from 36.3 to 40.2 hours over the past decade.
- This indicator is a key component of the Federal Reserve's analysis of labor market conditions in the state.
- Changes in average weekly hours can signal shifts in business demand and the economic health of the trade, transportation, and utilities industries.
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 sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of economic activity and labor demand in Arizona's trade, transportation, and utilities 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 employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours can inform decisions around hiring, investment, and economic policy at the state and national level.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Arizona (SMU04000004000000002A), retrieved from FRED.