Average Weekly Hours of All Employees: Private Service Providing in Arkansas
SMU05000000800000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.10
Year-over-Year Change
-0.60%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by private service-providing employees in Arkansas. It is an important indicator of labor market conditions and economic activity in the state.
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: Private Service Providing in Arkansas tracks the average number of hours per week worked by private-sector employees in service industries within the state. This metric provides insights into the demand for labor and overall economic performance.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and businesses to monitor labor market dynamics and inform economic decision-making.
Key Facts
- The average weekly hours for private service-providing employees in Arkansas was 33.4 in January 2023.
- This metric has fluctuated between 32.5 and 34.5 hours per week over the past 5 years.
- Changes in average weekly hours can signal shifts in labor demand and economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by private sector employees in service industries within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and the overall economic performance of Arkansas, making it an important indicator for economists, policymakers, and businesses.
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 used by economists and policymakers to monitor labor market dynamics and inform economic decision-making within the state of Arkansas.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Private Service Providing in Arkansas (SMU05000000800000002), retrieved from FRED.