Average Weekly Hours of All Employees: Education and Health Services in Delaware
SMU10000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.30
Year-over-Year Change
-5.15%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Hours of All Employees: Education and Health Services in Delaware' metric tracks the average number of hours worked per week by employees in the education and health services 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 measure provides insight into labor demand and productivity trends within a key service-producing industry in the state of Delaware. It is used by economists and policymakers to monitor workforce and labor market conditions.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours can indicate changes in employment, overtime, and overall economic activity.
Key Facts
- Delaware's education and health services sector employs over 100,000 workers.
- The average weekly hours metric has remained relatively stable over the past decade.
- Trends in this indicator can signal changes in labor demand and productivity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by employees in the education and health services sector in Delaware.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly hours can provide insight into labor demand, productivity, and overall economic activity within a key service-producing industry in the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor workforce and labor market conditions in Delaware's education and health services sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Delaware (SMU10000006500000002A), retrieved from FRED.