Average Weekly Hours of All Employees: Leisure and Hospitality in Arkansas
SMU05000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
3.59%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the leisure and hospitality sector in Arkansas. It provides insights into workforce utilization and productivity 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 of All Employees: Leisure and Hospitality in Arkansas metric tracks the average number of hours worked per week by workers in Arkansas's leisure and hospitality industries, which include hotels, restaurants, arts, entertainment, and recreation. This data point is used by economists and policymakers to gauge labor market conditions and economic activity in the state.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and government agencies to understand the health of Arkansas's service-oriented economy.
Key Facts
- Arkansas's leisure and hospitality sector employs over 200,000 workers.
- Average weekly hours peaked at 28.1 in July 2022.
- Weekly hours declined during the COVID-19 pandemic but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in Arkansas's leisure and hospitality industries, including hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into labor market conditions and the overall health of Arkansas's service-oriented economy, which is crucial for economists, policymakers, and businesses to monitor.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and government agencies use this metric to assess the strength of Arkansas's leisure and hospitality sector, which is an important driver of the state's overall economic performance and employment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Arkansas (SMU05000007000000002), retrieved from FRED.