Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Arizona
SMU04000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
-5.14%
Date Range
1/1/2007 - 6/1/2025
Summary
This trend measures the average weekly hours worked by all employees in the private education and health services sector in Arizona. It provides insights into labor market dynamics and can inform economic and workforce policy decisions.
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: Education and Health Services: Private Education and Health Services in Arizona series tracks the average number of hours worked per week by employees in this key industry sector within the state. It is an important indicator of economic activity, labor market conditions, and workforce trends.
Methodology
The data is collected through surveys of private sector establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to gauge the health of the Arizona labor market and make informed decisions.
Key Facts
- Arizona's private education and health services sector employs over 350,000 workers.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- The sector accounts for over 10% of Arizona's total private-sector employment.
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 private education and health services sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and workforce trends within a key industry sector, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private sector establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and industry analysts to gauge the health of the Arizona labor market and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Arizona (SMU04000006500000002), retrieved from FRED.