Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Arkansas
Annual
SMU05000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.21
Year-over-Year Change
40.16%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual Trend measures the total annual hours worked per employee in the United States. This key economic indicator provides insights into labor productivity and workplace dynamics.
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 Annual Trend tracks the average number of hours worked per year by employees in the U.S. labor force. It is an important metric for economists and policymakers to analyze workforce utilization, employee compensation, and overall economic efficiency.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
The Annual Trend offers valuable context for interpreting employment, output, and wage trends in the broader economy.
Key Facts
- The average U.S. employee worked 1,767 hours in 2021.
- Annual hours worked per employee have declined by 4.5% since 2000.
- Trends in annual hours can indicate shifts in worker productivity and work-life balance.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend tracks the average number of hours worked per year by employees in the U.S. labor force.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend provides insights into labor productivity, employee compensation, and overall economic efficiency that are critical for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: The Annual Trend offers valuable context for interpreting employment, output, and wage trends in the broader economy, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual Trend data is typically updated on a monthly basis with a short delay, providing timely insights into labor market dynamics.
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Value of Exports to Netherlands from Arkansas
ARNLDA052SCEN
Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Arkansas
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Average Weekly Hours of All Employees: Manufacturing in Arkansas
SMU05000003000000002
Citation
U.S. Federal Reserve, Annual (SMU05000004000000003A), retrieved from FRED.