Average Weekly Hours of All Employees: Education and Health Services in Arizona
SMU04000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.40
Year-over-Year Change
2.69%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Education and Health Services in Arizona measures the average number of hours worked per week by employees in the education and health services 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 labor market conditions and productivity trends in a key industry within the Arizona economy. It is used by economists and policymakers to assess workforce dynamics and inform decisions related to employment, workforce development, and economic planning.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the labor supply and service capacity in Arizona's education and healthcare sectors.
Key Facts
- Arizona's education and health services sector employs over 500,000 workers.
- The average weekly hours for this sector have remained relatively stable over the past decade.
- This data series dates back to 2003.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the education and health services sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor market conditions and productivity trends in a key industry within the Arizona economy, which is useful for economists, policymakers, and industry analysts.
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: This trend is relevant for understanding the labor supply and service capacity in Arizona's education and healthcare sectors, which can inform workforce development and economic planning policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Arizona (SMU04000006500000002A), retrieved from FRED.