Average Weekly Hours of All Employees: Total Private in Delaware
SMU10000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.70
Year-over-Year Change
2.51%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all private employees in the state of Delaware. It provides insights into labor market conditions and can inform economic policy decisions.
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: Total Private in Delaware metric tracks the average number of hours worked per week by private sector workers in the state. It serves as an important indicator of economic activity and labor market dynamics.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to gauge the strength of the Delaware economy.
Key Facts
- Delaware's average weekly hours have remained relatively stable over the past decade.
- The metric provides insight into productivity and work patterns in the private sector.
- Changes in average weekly hours can signal shifts in labor demand and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by private sector employees in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and economic activity in Delaware, which is valuable information for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in average weekly hours can signal shifts in labor demand and economic growth, making this trend a key indicator that policymakers and analysts use to assess the state of the Delaware economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Delaware (SMU10000000500000002), retrieved from FRED.