Average Weekly Hours of All Employees: Financial Activities in Arizona
SMU04000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.90
Year-over-Year Change
-5.14%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Financial Activities in Arizona metric measures the average number of hours worked per week by workers in the financial sector in the state of Arizona. This statistic is a key indicator of economic activity and labor market conditions in the financial 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
This series represents the average weekly hours for all employees in the financial activities sector in Arizona. It is used by economists and policymakers to assess labor market trends and productivity in the state's financial industry.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform decisions around monetary and fiscal policies targeting the financial sector.
Key Facts
- Arizona's financial sector employs over 200,000 workers.
- Average weekly hours peaked at 39.2 in 2018.
- The financial activities industry accounts for 6% of Arizona's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average number of hours worked per week by employees in the financial activities sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours can provide insights into labor market conditions, productivity, and economic activity in Arizona's financial industry.
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: Policymakers and analysts can use this data to inform decisions around monetary and fiscal policies targeting the financial sector in Arizona.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Arizona (SMU04000005500000002A), retrieved from FRED.