Average Weekly Hours of All Employees: Other Services in Arizona
SMU04000008000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.20
Year-over-Year Change
-1.44%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the 'Other Services' industry in Arizona. It provides insights into labor market conditions and productivity in this important service sector.
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: Other Services in Arizona' series tracks the average number of hours worked per week by workers in industries like personal care, repair and maintenance, and other personal and professional services. This metric is a key indicator of labor demand and utilization in the state's service economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess economic activity and make informed decisions.
Key Facts
- Arizona's 'Other Services' industry accounts for over 4% of the state's total employment.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- The 'Other Services' industry is a diverse sector, including repair, personal care, and religious organizations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the 'Other Services' industry in Arizona, which includes personal care, repair, and other service-based businesses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and productivity in an important service sector of the Arizona economy, which can inform economic analysis and policymaking decisions.
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 use this metric to assess economic activity and make informed decisions about the service industry in Arizona.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Other Services in Arizona (SMU04000008000000002), retrieved from FRED.