Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Arkansas
SMU05000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.90
Year-over-Year Change
-5.62%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private education and health services sector in Arkansas. It provides insights into labor market conditions and utilization in this key industry.
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 metric tracks the typical number of hours worked per week by employees in the private education and health services sector in Arkansas. This data point is used by economists and policymakers to assess labor market dynamics, productivity, and service capacity in this important segment of the state's economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the operational capacity and labor utilization of private education and healthcare providers in Arkansas.
Key Facts
- Arkansas's private education and health services sector employs over 200,000 workers.
- Average weekly hours peaked at 36.7 in January 2020 before declining during the COVID-19 pandemic.
- Weekly hours have been gradually recovering and reached 35.4 as of the latest data.
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 Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and capacity utilization within a key industry in Arkansas, which is important for understanding economic performance and labor market dynamics.
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: This trend is used by economists, policymakers, and industry analysts to assess the operational capacity and labor utilization of private education and healthcare providers in Arkansas, which informs economic and workforce development decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, so it may not reflect the most recent conditions.
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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 Arkansas (SMU05000006500000002), retrieved from FRED.