Average Weekly Hours of All Employees: Education and Health Services in Arkansas
SMU05000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.90
Year-over-Year Change
2.42%
Date Range
1/1/2007 - 1/1/2024
Summary
The average weekly hours of all employees in the education and health services sector in Arkansas measures the average number of hours worked per week by employees in this important 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
This metric provides insight into labor market conditions and productivity trends in Arkansas' education and health services sector, which is a key part of the state's economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this indicator to assess the overall health of the state's education and healthcare industries.
Key Facts
- Arkansas has over 250,000 workers in education and health services.
- The average weekly hours in this sector has remained relatively stable over the past decade.
- This metric is a leading indicator of economic activity in Arkansas.
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 education and health services sector in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into labor market conditions and productivity trends in a key industry in Arkansas, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the overall health of Arkansas' education and healthcare industries, which are important drivers of the state's economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in availability due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Arkansas (SMU05000006500000002A), retrieved from FRED.