Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Delaware
SMU10000006500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
3.90%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the private education and health services sector in Delaware. It provides insights into the labor market conditions and productivity in this important 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 trend represents the average number of hours worked per week by employees in the private education and health services sector in Delaware. It is a key indicator of labor market dynamics and can be used to analyze employment and productivity trends in this industry.
Methodology
The data is collected through surveys of businesses and establishments in Delaware.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts to understand the labor market conditions and economic activity in the private education and health services sector.
Key Facts
- The average weekly hours in Delaware's private education and health services sector was 33.0 in January 2023.
- This trend has remained relatively stable over the past year, fluctuating within a narrow range.
- The private education and health services sector accounts for a significant portion of Delaware's overall employment and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in the private education and health services sector in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market conditions and productivity in the private education and health services sector, which is an important industry in Delaware's economy.
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: Policymakers, economists, and industry analysts use this trend to understand the labor market dynamics and economic activity in the private education and health services sector, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, but there may be occasional delays or revisions due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services: Private Education and Health Services in Delaware (SMU10000006500000002), retrieved from FRED.