Average Weekly Hours of All Employees: Leisure and Hospitality in Delaware
SMU10000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.70
Year-over-Year Change
1.98%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Leisure and Hospitality in Delaware' measures the average weekly hours worked by employees in the leisure and hospitality sector in Delaware. This data provides insights into the labor market and economic activity in this key 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
This economic trend tracks the average weekly hours worked by all employees in the leisure and hospitality sector in the state of Delaware. It serves as an important indicator of the current state and recent trends in this industry, which is a significant contributor to the state's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to assess the health and dynamics of Delaware's leisure and hospitality sector, which is crucial for understanding the state's broader economic performance.
Key Facts
- Delaware's leisure and hospitality sector employs over 50,000 workers.
- The average weekly hours in this sector have fluctuated between 24 and 29 hours since 2010.
- Trends in this data can signal changes in consumer demand and economic activity in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by all employees in the leisure and hospitality sector in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor market and economic activity in Delaware's leisure and hospitality industry, which is a significant contributor to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health and dynamics of Delaware's leisure and hospitality sector, which is crucial for understanding the state's broader economic performance.
Q: Are there update delays or limitations?
A: The data is published with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Delaware (SMU10000007000000002), retrieved from FRED.