Average Weekly Hours of All Employees: Financial Activities in Arizona
SMU04000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.40
Year-over-Year Change
3.03%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the financial activities sector in Arizona. It provides insights into the labor market and economic activity in this 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 metric tracks the typical number of hours worked per week by employees in the finance, insurance, real estate, rental, and leasing industries in Arizona. This data point is used by economists and policymakers to analyze trends in labor utilization and productivity within the state's financial sector.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring changes in average weekly hours can inform decisions around economic and workforce policies.
Key Facts
- Arizona's financial activities sector employs over 200,000 workers.
- The average weekly hours has remained relatively stable over the past decade.
- The financial activities industry accounts for over 10% of Arizona's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the financial activities sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in average weekly hours in the financial activities sector provides insights into labor market conditions and productivity trends within this important industry in Arizona.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring changes in average weekly hours in the financial activities sector can inform decisions around economic and workforce policies in Arizona.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Arizona (SMU04000005500000002), retrieved from FRED.