Average Hourly Earnings of All Employees: Total Private in Delaware
Monthly
SMU10000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.50
Year-over-Year Change
4.30%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Monthly' economic trend measures the average weekly hours worked in the private nonfarm sector of the U.S. economy. This indicator provides insights into labor market conditions and overall economic activity.
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 'Monthly' trend represents the average number of hours that private sector employees worked per week. This metric is closely watched by economists and policymakers as it reflects the health and utilization of the U.S. labor force, which is a key driver of economic growth.
Methodology
The data is collected through surveys of private employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can inform monetary and fiscal policy decisions aimed at promoting full employment and stable economic expansion.
Key Facts
- The current average weekly hours is XX.X
- The all-time high was XX.X in [year]
- A decrease in average weekly hours can signal an economic slowdown
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the average number of hours per week that private sector employees in the U.S. worked during the given time period.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours are a key indicator of labor market conditions and overall economic activity. Economists and policymakers closely monitor this metric to assess the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in average weekly hours can inform monetary and fiscal policy decisions aimed at promoting full employment and stable economic growth.
Q: Are there update delays or limitations?
A: The 'Monthly' data is published with a lag of approximately one month by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Monthly (SMU10000000500000003), retrieved from FRED.