Average Weekly Hours of All Employees: Financial Activities in Delaware
SMU10000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.90
Year-over-Year Change
6.28%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Hours of All Employees: Financial Activities in Delaware' is an economic indicator that measures the average number of hours worked per week by employees in the financial sector in Delaware.
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 series provides insight into labor market trends and productivity within Delaware's financial industry. It is a closely watched metric by economists, policymakers, and businesses to gauge the health and activity of the state's financial services sector.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator can signal changes in demand, output, and employment within Delaware's financial markets.
Key Facts
- Delaware is a major financial hub, home to many banks, credit card companies, and insurance firms.
- Financial activities account for a significant portion of Delaware's economy and employment.
- This metric helps track the productivity and workload trends in Delaware's critical financial sector.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average number of hours worked per week by employees in the financial activities sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and productivity trends within Delaware's important financial services industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess the health and activity of Delaware's financial markets, which can inform decisions around economic and regulatory policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical lag of 1-2 months between the reference period and the release of the latest figures.
Related Trends
Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Delaware
DEOTHTRANRGSP
State Government Tax Collections, Documentary and Stock Transfer Taxes in Delaware
DEDOCUTAX
Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Delaware
DEMOTPICSNDNGSP
Average Hourly Earnings of All Employees: Leisure and Hospitality in Delaware
SMU10000007000000003
Gross Domestic Product: Information (51) in Delaware
DEINFONGSP
Electric Power Carbon Dioxide Emissions, All Fuels for Delaware
EMISSCO2TOTVECTODEA
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Delaware (SMU10000005500000002A), retrieved from FRED.