Average Weekly Hours of All Employees: Private Service Providing in Delaware
SMU10000000800000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.20
Year-over-Year Change
2.55%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private service-providing sector in Delaware. It provides insights into the state's labor market and 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 average weekly hours of all employees in the private service-providing industry is a key indicator of economic conditions and labor market trends in Delaware. It helps economists and policymakers assess the level of economic activity and make informed decisions.
Methodology
The data is collected through surveys of businesses and establishments in Delaware.
Historical Context
This trend is used by economists, policymakers, and market analysts to evaluate the state's economic performance and labor market conditions.
Key Facts
- Delaware is the second-smallest state in the U.S. by land area.
- The private service-providing sector is a major contributor to Delaware's economy.
- The average weekly hours trend is a leading indicator of economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in the private service-providing sector in Delaware. It provides insights into the state's labor market and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and market analysts as it helps them assess the level of economic activity and labor market conditions in Delaware.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Delaware.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the state's economic performance and make informed decisions about economic policy and labor market interventions.
Q: Are there update delays or limitations?
A: The data is subject to regular updates, but there may be occasional delays or limitations in data collection and reporting.
Related Trends
Administrative and Waste Services Earnings in Delaware
DEEADM
Value of Exports to Austria from Delaware
DEAUTA052SCEN
Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Delaware
DEDATAWWWRGSP
Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Delaware
DEAMBHCQGSP
Regional Price Parities: Services: Other for Delaware
DERPPSERVEOTH
Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Delaware
DERENTQGSP
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Private Service Providing in Delaware (SMU10000000800000002), retrieved from FRED.